bp

BP has modelled for solar in the US to deploy at levelised costs of around US5¢/kWh by 2040, despite solar already hitting those prices in much of the country.

BP has said the promising “fundamentals” behind the current global solar market triggered it to re-enter and the petrol giant now has ambitious plans for worldwide growth.

BP is to acquire a 43% stake in prolific UK-based solar developer Lightsource in what stands to be a significant new solar partnership.

BP posted some pretty poor results this week. We consider whether the company's fortunes would be better had it persevered with BP Solar.