Info!
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
BP boosts US renewables business with solar acquisition
BP is to acquire 9 GW of solar development projects in the US from independent US solar developer 7X Energy, at a cost of some $220mn.
The deal represents a significant step towards BP’s target of growing its net developed renewable generating capacity to 20 GW by 2025, and 50 GW by 2030. It will also grow the company’s renewables pipeline from 14 GW to 23 GW. The assets will be developed through BP’s 50:50 solar joint venture Lightsource BP.
Solar energy is the fastest growing power source in the US and is expected to quadruple over the next 10 years. It currently accounts for more than 40% of all new electricity generating capacity added in the US.
