Greater digitisation will be a pivotal enabler for the utility-scale solar sector as it looks to deploy hundreds of gigawatts each year, Lightsource bp group COO Ann Davies has said.
BP has set lofty targets for its renewables ambitions, backing bifaciality and merchant revenue strategies to provide major boosts as it targets 50GW of renewable capacity by 2030.
Aided by falling production costs and policies encouraging a shift to green energy, renewables’ share of the global energy mix could soar from 5% in 2018 to almost 60% by 2050, BP has said in its latest energy outlook.
Oil and gas majors moving aggressively into renewables must build and not buy their way in, or their contribution to global carbon reduction efforts will be significantly limited, RWE’s CFO Markus Krebber has said.
BP has invested US$70 million in a green growth fund launched by EverSource Capital, an India-focused fund manager co-founded by BP-backed solar firm Lightsource BP.
Energy giant BP has signed a memorandum of understanding (MoU) with JinkoSolar’s development and operations arm JinkoPower Technology to target China’s sizeable C&I power market.
BP has landed funding from the Australian government to assess the feasibility of a renewable hydrogen and ammonia production facility in Western Australia.
Solar player enlists oil major BP, HSBC, Natwest and Bank of America as it raises US$250m package to sponsor project northeast of Dallas, set to trade energy with BP.
