BP to Expand Solar Production in China

In response to growing demand for renewable energy in China, BP has announced plans to quadruple the current production capacity of its Xi’an based BP Sunoasis. The company, which has a current capacity of 25 MW, is a joint venture between BP and China’s leading solar system integrator, Sunoasis. BP will reportedly invest millions to expand capacity to 100 MW by the year 2010. As a minority (49%) owner, BP is making an effort to capitalize on the Chinese government's efforts to boost renewable energy use. China plans to increase domestic solar energy generation to 400 MW by 2010 and to 10,000 MW by 2020 from a base of 20 MW in 2005.

WHAT'S HOT ON FACEBOOK