BP to Quadruple Capacity of Xi’an Solar Energy Facility

[China Daily] BP Plc, the world’s second-biggest oil company, plans to invest “many million dollars” to quadruple the current capacity of its solar energy joint venture in Xi’an, the capital of Northwest China’s Shaanxi Province. … BP Solar last November signed a contract with China Xinjiang Sunoasis Co Ltd to set up BP Sunoasis in Xi’an, which is 51 per cent controlled by Xinjiang Sunoasis and 49 per cent by BP. The new venture has a registered capital of over US$10 million and represents a strategic move by BP Solar to bet on China’s booming new energy market, BP said. It focuses on the manufacturing of both panels and panel automation equipment for the use of solar power generation.
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