Published on April 8th, 2009 | by Dave Tyler2
BP Solar Expects to Add 100 MW in U.S. in 2009
April 8th, 2009 by Dave Tyler
The head of BP Solar International says his firm will install 100 megawatts of utility-level solar power projects on U.S. soil in 2009.
[social_buttons] Reyad Fezzani told Dow Jones in an interview published Monday that his company, a subsidiary of energy giant BP PLC, is seeing high demand, and strong financing interest from investors. BP expects to manufacture 320 MW of solar panels in 2009, roughly double the amount it made in 2008. That will be split about 60/40 between large commericial and utility installations and residential sales, Fezzani said. That equates to about 192 MW of large scale installations, with 100 MW of that in the U.S., he said.
“Now the average size (of solar power inquiries from utilities) is 25 to 50 MW. We are bidding for tenders that are orders of magnitude larger, 100 to 150 MW and even one that’s 500 MW,” he said.
BP plans to own the solar installations and work towards umbrella financing agreements similar to the arrangements it has in Europe. But competition is growing in the field, an analyst told Dow Jones, particularly from SunPower and First Solar. And BP Solar just cut jobs in Maryland and Madrid to save money.
BP’s made news in other clean technologies too, including cellulosic ethanol. They’ve also been a target for Greenpeace. But if BP is really moving “Beyond Petroleum” scaling up their solar business rapidly is a good place to start.
Photo Credit: Remintola’s Flickr Stream, via a Creative Commons License.