BP revealed that it has reached an agreement to purchase nine gigawatts (GW) of solar development projects in the U.S. from 7X Energy. BP, which expects the deal to complete in 30 days, said it will pay 7X Energy $220 million for the projects and 1GW of “safe harbor” equipment. The projects are spread across 12 U.S. states, with the largest portfolios in Texas and the Midwest. Assets with a combined generating capacity of 2.2GW are expected to reach final investment decision by 2025, with the remaining progressing by 2030. The projects, which will be developed through BP’s 50-50 solar joint venture Lightsource BP, are expected to support thousands of jobs through construction. BP noted that the acquisition represents a significant step towards its target of growing its net developed renewable generating capacity to 20GW by 2025 and its aim to increase this to 50GW by 2030. […]