Contact Us

  • Huyong Cooperation Demoonstration Park, No. 18, Qiyuan Road, Hangzhou Bay New Area, Ningbo, Zhejiang, China
  • sales@raytm.cn
  • 0086-400-155-9909

BP Plans to Purchase the Spanish Solar Project for 500m Euros

Release date:2021-06-21 Source:Raytech Pageviews:-

British energy giant BP is to buy a Spanish-based solar project from Grupo Jorge Group for between 400 million and 500 million euros,as reported.

It is reported that Lightsource, BP's solar power division, will take over a 700MW solar project from Grupo Jorge, a private company with assets in pork, agriculture and renewable energy.

The company said construction of three new projects in the north-east of Arago would begin next year, adding that it would look for customers to agree on electricity to be generated at the sites.Last year, BP chief executive Bernard Looney pledged to cut oil production and increase its renewable energy business by a 20-fold amount over 10 years in a bid to significantly reduce carbon emissions by 2050.Lightsource BPdid not say how much it would pay for the Spanish project, but calculated that it would cost 475 million euros to build and connect the grid. The development of these projects is expected to create 1,000 jobs.

Spain has become one of the most active markets for solar and wind energy in Europe. In recent months, many big companies, including BP's rivals Total, Repsol and Gap, have bought green energy assets.

Ningbo Raytech New Energy Materials Co., Ltd. specializes in “PV Modules Manufacturing and System Integration” and “Smart Panel Materials Manufacturing”. The company has independent product R&D teams, national key laboratory and 1.2GW full-automatic manufacturing line. Raytech Double-glass modules come with 12-year product warranty and 30-year performance warranty (2 years and 5 years longer than industry's standard product / performance warranty respectively).

Copyright ©Ningbo Raytech New Energy Materials Co., Ltd. All rights reserved.
Privacy Statement Terms & conditionsSITEMAPCNZZ

Facebook Twitter LinkedIn Youtube