Mike Petrucci, chief executive of BP Solar, wrote to his remaining 100 staff last week, saying 'the continuing global economic challenges have significantly impacted the solar industry, making it difficult to sustain long-term returns for the company.'
A spokesman for the wider group said the plunging value worldwide of solar panels – partly as a result of low-cost competition from China – had convinced BP that it had no future in a 'commoditised' business.
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There was a time when BP was a significant part of the solar PV industry: certainly for years it was the majority of the UK industry. But there was always an element of it being in the business for political rather than business reasons. So many people thought well, we've got to move to new forms of energy, they're an energy company, they should be moving to new forms of energy.
But that's not how business works at all. BP has no experience or competitive edge in producing electricity. They know how to drill holes and move stuff along pipelines. Two things you don't do with solar power. Just because they're a big company with lots of capital, just because they're in one corner of the energy business, doesn't mean they're going to be any good at solar power at all.
So, for BP itself, good news as they're now able to get rid of something they should never have been, arguably, doing in the first place.
But for the solar industry this is also good news. Not because someone has just exited, leaving more space for those that remain: BP had already in this field shrunk to near irrelevance. Rather, it shows that solar is itself maturing as an industry. You need to have the specific skills needed for this specific task to succeed, not just pots of money and a willingness to lose a lot of it. Download ubuntu live cd.
In fact, what you really need in the solar industry these days is manufacturing skills. The ability to keep on taking costs out of the production of the basic cells themselves. There are those companies that can and are doing this and hopefully they will thrive in doing so.
That is, of course, as long as we can stop the politicians throwing even more of our tax money at yet more people who don't have the relevant skills and ideas. Other than knowing how to get politicians to open our checkbooks.
'>BP (or British Petroleum as I still think of it) has finally announced that it is exiting the solar power business. This is excellent news for the company itself and also good news for the solar power industry itself.
Mike Petrucci, chief executive of BP Solar, wrote to his remaining 100 staff last week, saying 'the continuing global economic challenges have significantly impacted the solar industry, making it difficult to sustain long-term returns for the company.'
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A spokesman for the wider group said the plunging value worldwide of solar panels – partly as a result of low-cost competition from China – had convinced BP that it had no future in a 'commoditised' business.
There was a time when BP was a significant part of the solar PV industry: certainly for years it was the majority of the UK industry. But there was always an element of it being in the business for political rather than business reasons. So many people thought well, we've got to move to new forms of energy, they're an energy company, they should be moving to new forms of energy.
But that's not how business works at all. BP has no experience or competitive edge in producing electricity. They know how to drill holes and move stuff along pipelines. Two things you don't do with solar power. Just because they're a big company with lots of capital, just because they're in one corner of the energy business, doesn't mean they're going to be any good at solar power at all.
So, for BP itself, good news as they're now able to get rid of something they should never have been, arguably, doing in the first place.
But for the solar industry this is also good news. Not because someone has just exited, leaving more space for those that remain: BP had already in this field shrunk to near irrelevance. Rather, it shows that solar is itself maturing as an industry. You need to have the specific skills needed for this specific task to succeed, not just pots of money and a willingness to lose a lot of it.
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In fact, what you really need in the solar industry these days is manufacturing skills. The ability to keep on taking costs out of the production of the basic cells themselves. There are those companies that can and are doing this and hopefully they will thrive in doing so.
That is, of course, as long as we can stop the politicians throwing even more of our tax money at yet more people who don't have the relevant skills and ideas. Other than knowing how to get politicians to open our checkbooks.