22 Dec '11, 5pm

BP dropped its solar power division after 40 years of operations. So much for Beyond Petroleum, eh?

BP dropped its solar power division after 40 years of operations. So much for Beyond Petroleum, eh?

When the Going Gets Tough, BP Runs... While it is well-known that the solar industry is highly cyclical , the general trend is definitely in an upward direction, with rapid double-digit yearly growth in production capacity and plenty of money to be made by the smartest players (both Warren Buffett and Google have recently invested in solar power). But apparently, when the going gets tough, BP cuts and runs. After 40 years of existence, now that solar power is more necessary than ever, the giant oil company has decided to drop its solar division. So much for 'Beyond Petroleum', a recent BP slogan, eh? Flickr /CC BY 3.0 BP Could Not Compete The solar power industry is currently in consolidation mode. Prices have fallen rapidly and there is some oversupply, so the least efficient players are folding. It looks like that's what is happening to BP Solar. It's too bad, really, be...

Full article: http://www.treehugger.com/green-investments/bp-drops-sola...

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BP to Close Its Solar Business after 40 Years

BP to Close Its Solar Business after 40 Years

greenbiz.com 21 Dec '11, 4pm

BP has confirmed that it plans to close its solar energy division after more than 40 years, arguing that the growing commo...

Beyond Beyond Petroleum? BP closes its solar ar...

businessgreen.com 21 Dec '11, 12pm

BP has confirmed that it plans to close its solar energy division after more than 40 years, arguing that the growing commo...

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renewableenergyfocus.com 22 Dec '11, 1pm

The move follows BP Solar 's gradual scaling down of its solar business over the past few years. The UK's Guardian newspap...

BP Closes Solar Business

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Tata said it will purchase the 51 percent BP had in their Tata BP Solar joint venture, which was formed in 1989 and makes ...

India's Tata Power to Divorce BP Solar

renewableenergyworld.com 27 Dec '11, 7pm

Tata said it will purchase the 51 percent BP had in their Tata BP Solar joint venture, which was formed in 1989 and makes ...

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