Sydney, Australia [RenewableEnergyWorld.com] BP Solar will stop producing solar photovoltaic (PV) cells and panels at its manufacturing plant in Sydney Olympic park at the end of March 2009. The company said that 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 said it 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,” said Reyad Fezzani, Global CEO of BP Solar.