BP returns to solar power with $200m stake in Lightsource
by Adam Vaughan from Environment | The Guardian on (#3ASFK)
Tie-up with Europe's biggest solar developer will focus on alternative energy projects in US, India and Middle East
BP has paid $200m (149m) for a 43% stake in Europe's biggest solar developer, marking its return to the sector from which it withdrew six years ago.
The investment in the London-based Lightsource marks a turnaround for the British oil firm, which rebranded as Beyond Petroleum in 2000 but shut its alternative energy headquarters nine years later.
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