BP bought solar developer Lightsource because of the strong “fundamentals” in the market. BP paid $200m for 43% of the UK solar developer – rebranded Lightsource BP – the energy major's first PV investment since it closed BP Solar in 2011. “Effectively what we are seeing are fundamentals that are really important", said BP Alternative Energy chief executive Dev Sanyal. And you see business models that are actually now being developed and are in place that are very attractive,” he said. “Growth around 10-15% per annum, we've seen trebling of solar installed capacity over the last four years. The market is very healthy and there has been a lot of interest from both institutional investors as well as retail investors.”
BP bought solar developer Lightsource because of the strong “fundamentals” in the market. BP paid $200m for 43% of the UK solar developer – rebranded Lightsource BP – the energy major's first PV investment since it closed BP Solar in 2011. “Effectively what we are seeing are fundamentals that are really important", said BP Alternative Energy chief executive Dev Sanyal. “Growth around 10-15% per annum, we've seen trebling of solar installed capacity over the last four years. The market is very healthy and there has been a lot of interest from both institutional investors as well as retail investors.”