Tuesday, November 29, 2005

BP Forms BP Alternative Energy

Energy Journalist



"BP today announced that it plans to double its investment in alternative and renewable energies to create a new low-carbon power business with the growth potential to deliver revenues of around $6 billion a year within the next decade.

Building on the success of BP Solar -- which expects to hit revenues of $1 billion in 2008 -- BP Alternative Energy will manage an investment program in solar, wind, hydrogen and combined-cycle-gas-turbine (CCGT) power generation, which could amount to $8 billion over the next ten years."

1 comment:

Anonymous said...

Looks like the website address has changed. This story is now at http://www.energyjournalist.com/articles/825/1/BP-Forms-BP-Alternative-Energy

Great blog!