BP bought solar developer Lightsource because of the strong “ growth ” in the market . BP paid $ 200 million for 43 % of the UK solar developer – rebranded Lightsource BP – the energy major 's first PV investment since it closed BP Solar in 2011 . Lightsource has most recently entered into the Australian and Dutch PV markets to complement its existing interests in the US and India, but Lightsource chief executive Nick Boyle says this could soon grow further. “ Effectively what we are doing are fundamentals that are really important " , said BP Alternative Energy chief executive Vijay Sanyal . “ At around 10 - 15 % per annum , we 've seen trebling of solar installed capacity over the last four years . And you see business models that are actually now being developed and are in place that are very attractive . "
BP bought solar developer Lightsource because of the strong “ growth ” in the market . BP paid $ 200 million 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 doing are fundamentals that are really important " , said BP Alternative Energy chief executive Vijay Sanyal . “ At around 10 - 15 % per annum , we 've seen trebling of solar installed capacity over the last four years . And you see business models that are actually now being developed and are in place that are very attractive . "