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BP Solar To Close Manufacturing Plant In Sydney
Sydney, Australia (SPX) Nov 18, 2008 BP Solar has announced that it will cease the production of solar photovoltaic (PV) power cells and panels from its manufacturing plant in Sydney Olympic park (Australia) at the end of March 2009. The decision comes because the company is looking to focus its operations at larger scale plants in lowest cost manufacturing countries, in order to drive down the cost of solar power for consumers. The BP Solar sales and marketing team in Australia will continue their activities, and aim to grow the sales and servicing of solar products. However, BP Solar regrets that approximately 200 jobs will be lost from the manufacturing plant. "The challenge for solar power is to reduce its costs to the level at which it competes on an equal footing with conventional electricity delivered through the power grid. To do this we need to expand at scale and reduce costs." says global CEO of BP Solar, Reyad Fezzani. "We've looked at all options in our Sydney manufacturing site and the physical location, lack of expansion potential and lease agreements just don't make it competitive: the most modern Solar PV manufacturing plants are up to twenty times larger than our Sydney site and we are competing in this global market." "It is a sad day for us as a company and for the sydney plant. We deeply regret the job losses that will result from the closure and are talking to staff about what this means for them, I'd like to publicly thank the BP Solar staff at Sydney Olympic Park for their commitment to the company over the years." "Globally, BP is investing around $1.5 billion US dollars per year in alternative energy, building material, focussed, low carbon energy businesses. BP Solar is a material part of BP's Alternative Energy portfolio, and it needs to compete for investment and demonstrate profitable returns, just like our other businesses in the BP Group. Faced with a tough external environment, and an increasingly competitive solar market, we are focussing hard and listening to our customers." Related Links BP Solar Australia All About Solar Energy at SolarDaily.com
Enerqos And ESP Introduce Their Solar Totem
Milan, Italy (SPX) Nov 18, 2008Enerqos will be showcasing their new Solar Totem tracker at the PVTech 2008 exhibition, which will take place in Milan from 25-28 November. With dual-axis handling and a remote control operating system, the Solar Totem is one of the most advanced tracking systems available and will be presented to show attendees on the Enerqos stand. |
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