Tomtoxic

BP Solar Nixes Factory Expansion: Proof of Industry Oversupply?

what really is motivating the BP Solar expansion cancellation is not the solar marketplace, but the new BP CEO's stated interest in investing money in what has always been a profitable business - oil! The returns from the solar business are slim to none, and highly influenced by government tax incentives. The Maryland plant ships 70% of their finished modules to Europe and Asia, and BP has just sunk millions in a Chinese JV. Employees in Maryland think their facility may be sold or closed.