<p>Norway's Equinor has agreed to sell a 50 per cent stake in two US offshore wind power development projects to energy major BP for $1.1 billion, it said on Thursday.</p>.<p>The two companies are also establishing a strategic partnership for further growth within offshore wind in the United States, Equinor said in a statement.</p>.<p>The firms will consider future joint opportunities for both bottom-fixed and floating offshore wind facilities, the Norwegian firm said.</p>.<p>"The transaction is in line with Equinor's renewable strategy to access attractive acreage early and at scale, mature projects, and capture value," it said.</p>.<p>Equinor will remain the operator of the projects through the development, construction and operation phases. The deal is expected to close in early 2021, the company said. </p>
<p>Norway's Equinor has agreed to sell a 50 per cent stake in two US offshore wind power development projects to energy major BP for $1.1 billion, it said on Thursday.</p>.<p>The two companies are also establishing a strategic partnership for further growth within offshore wind in the United States, Equinor said in a statement.</p>.<p>The firms will consider future joint opportunities for both bottom-fixed and floating offshore wind facilities, the Norwegian firm said.</p>.<p>"The transaction is in line with Equinor's renewable strategy to access attractive acreage early and at scale, mature projects, and capture value," it said.</p>.<p>Equinor will remain the operator of the projects through the development, construction and operation phases. The deal is expected to close in early 2021, the company said. </p>