BP Solar business axes

Slowly close the panel factories and made around 1,750 workers redundant.

At the same time, the company has been gradually withdraw from other areas such as carbon capture and storage and closing its London apart to BP alternative energy.

Mike Petrucci, Chief Executive of BP Solar, write to the staff of 100 last week, saying “the challenge of a sustainable global economy significantly impacting the solar industry, making it difficult to maintain long-term returns for the company.”

But a spokesman said BP was the earlier commitments to spend $ 8bn on renewable energy up to 2015 and continue to forge ahead with a land breeze in the United States and around the world of biofuels.

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