Gulf of Mexico lubricator BP aka British Petroleum apparently has announced they are dumping their solar panel (photovoltaic or PV) business this time. On who or what remains to be seen. I say apparently, because while it is being reported all over the known universe, I can’t find an official statement on either the main BP or the BP Solar websites.
Credible online outlets reporting this news include Forbes (who says this is good news both for BP (well, its shareholders) and the industry as a whole, Bloomberg/Businessweek and American Public Radio’s Marketplace (listen to their story):
One tidbit from the Businessweek piece worth a closer look is that BP seems to be sticking with their Australian project for 150 megawatts of solar in New South Wales.
It is no wonder these clowns failed. While navigating the BP Solar website from global to USA, after clicking on the “About” link and following that to USA press releases, the following error is generated by their website:
Unfortunately, the page you requested could not be displayed
The page you are looking for may have moved or has expired. Please also check the URL for proper spelling and capitalization.If you’re having trouble locating a destination you can connect to all our worldwide products through our global homepage www.bp.com
Alternatively click here to go back to the previous page”
Impressive, BP, very impressive. Not.