BP Solar announced plans to to quadruple its solar capacity in China to 100 MW (megawatts) by 2010.
BP Solar has a joint venture with China’s Xinjiang Sunoasis Company Ltd to set up BP Sunoasis in Xi’an. BP owns a minority 49% share. It focuses on the manufacturing of panels and panel automation equipment.
BP plans to spend up to US$8 billion over the next 10 years on renewable generation technologies, and expects to generate revenues of US$6 billion a year within the next decade.
In another announcement, BP Solar has signed a six year silicon contract with Norway’s REC. announced they have entered into a six year REC will supply multicrystalline silicon wafers in a contract valued at NOK 8 billion.
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