bp

Lightsource bp, the solar power arm of oil and gas major bp, has sold a 294MW solar portfolio in Italy to asset manager EOS Investment Management Group.

Lightsource bp has sold a solar portfolio in Australia with a combined capacity of 1GW to Beijing Energy International Australia.

Under the agreement, bp will acquire the remaining stake of 50.03% in Lightsource bp at a base equity value of US$320.96 million.

Lightsource bp has launched a request for submissions for its latest multi-buyer corporate power purchase agreement in Europe.

Lightsource bp has signed a virtual power purchase agreement with the Fashion Pact as fashion companies look to decarbonise their operations.

British oil and gas major bp has started construction at its 187MWdc Peacock Solar project in southern Texas.

Lightsource BP has completed a US$460 million financing package that will enable the construction of 368MW of solar power in the US.

Lightsource bp has begun construction of the first utility-scale solar PV project in Trinidad & Tobago, a 148MWp project owned by oil subsidiaries bp Alternative Energy Trinidad and Tobago and Shell Renewables Caribbean.

The future of solar module deployment may be rooted in mass, rapid deployment rather than precisely tilted, steel-mounted and spaced-out panels extending over acres of land. So says Australian company 5B, which manufactures accordion-style folding solar arrays that arrive at a project site flat-packed and ready to be deployed.

Renewable energy, such as wind and solar, is expected to dominate power generation out to 2050 thanks to the continuing cost competitiveness and the adoption of these sources into the power systems. However, significant acceleration in financing and building new capacity remains the challenge to continue the growth, according to the latest edition of bp’s Energy Outlook.