BP Amoco is acquiring an initial 18.5% shareholding in the US green and clean en ...

BP Amoco is acquiring an initial 18.5% shareholding in the US green and clean energy consumer marketer, Green Mountain, for an undisclosed sum. According to BP Amoco, the investment is 'focused on significantly extending the market for competitively prices renewable energy - including solar power - to businesses and households across America.' It is also aimed at 'boosting sales of clean energy products such as natural gas - both as a primary fuel and as natural gas fuelled power.' Green Mountain is said to be the leading brand marketer of cleaner electricity to consumers in the deregulated states of California, Pennsylvania and New Jersey where households can choose their energy supplier. Using the Internet and other media, it sells environmentally friendly electricity and other independently audited 'green' products. Buyers can choose to purchase electricity generated by renewable sources - solar, wind, water or geothermal - as well as clean-burning natural gas. BP Amoco also announced a multi-faceted commercial relationship to market and promote Green Mountain's solar energy offerings using BP Solarex's solar technology, products and services.

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