With $45 million, BP Amoco is buying the remaining 50 percent of Solarex from Enron, creating the world’s largest solar company. BP Solarex projects annual revenues of more than $150 million, a 20 percent share of the global market. It will have manufacture 30 megawatts per year in the U.S., Spain, Australia and India.
Solarex recently commissioned the largest solar electric system in the U.S. to Green Mountain Energy. 1,400 thin film modules will produce 43 kW in Pennsylvania for 20 years.
In another widely publicized announcement, BP Amoco unveiled its $50 million investment to run 200 service stations world-wide partially on solar power. All new stations in the UK, Australia, Germany, Austria, Switzerland, the Netherlands, Japan, Portugal and Spain will incorporate solar. Pilot sites are also underway in France and the U.S.
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