BP’s joint solar venture Lightsource BP to more than double expansion by 2025
by Jillian Ambrose Energy correspondent from on (#5PR3V)
Deal worth 1.3bn means operation will develop enough solar farms to power equivalent of 8.4m homes
BP's joint solar venture, Lightsource BP, will more than double its global expansion by 2025 after clinching a financing deal worth $1.8bn (1.3bn) to develop enough solar farms to power the equivalent of 8.4m homes.
The fast-growing operation had initially set a target to develop arrays of panels with a total capacity of 10 gigawatts by 2023, enough for almost 3.4m homes, but the fresh funds will be used to turbocharge its ambition to 25GW by 2025.
Continue reading...