BP Solar lowers cost in drive toward grid-competitive electricity prices
Focus on growth through lower cost supplies and manufacturing will lead to phase out of module assembly at Frederick, MD, plant. Silicon casting, wafering, and cell manufacture to continue.
Frederick, MD, 31 March 2009
Source: BP Solar, press release
http://www.bp.com/genericarticle.do?categoryId=9019567&contentId=7052169
BP Solar today announced plans to refocus its manufacturing activities globally, and to reduce its unit costs by 25 percent by the end of 2010. It will achieve this by accessing lower cost supplies, and by continuing to grow only its most competitive manufacturing worldwide. “The decision is part of our long term strategy to grow our solar business by reducing the cost of solar power to that of conventional electricity delivered through a modern power grid, and in time without the need for government subsidy,” says Reyad Fezzani, CEO of BP Solar. (more…)