BP Solar

Year-long restructuring program reduces unit costs by more than 45 percent; business winning large share of new projects in the US and key global markets

In a climate of unprecedented turbulence, global energy markets followed the same extreme pattern as the world economy in general during 2008.

Prices first rose to record highs as economic growth boomed in the first half of the year. Then they collapsed as the global economy abruptly reversed and plunged into recession in the wake of the financial crisis.

Agreement covers 66 MW including a 46 MW single installation. BP Solar to supply crystalline PV modules with an innovative energy guarantee.

RGE Energy AG is partnering with BP Solar in planning one of the world's largest solar projects. The large-scale PV installation with over 46 megawatt peak (MWp) will be built in Koethen, Saxony-Anhalt. Around 210,000 crystalline photovoltaic modules with an output of 220 watt peak each will be supplied by BP Solar and installed by RGE Energy AG.

Power purchase agreement provides easy access to zero carbon electricity through high quality, cost-competitive BP Solar power systems.

BP Solar confirmed today that it has been selected to provide photovoltaic solar power systems for Wal-Mart stores in California. This agreement builds on an established relationship between the major retailer and BP Solar.

Focus on sales growth through lower cost supplies and manufacturing will lead to plant closures in Spain and phase out of module assembly activity at Frederick, Maryland, USA.

BP Solar today announced plans to refocus its manufacturing activities in order to reduce unit costs and improve its competitiveness. It will achieve this through access to lower cost supplies, and by continuing to grow only its most competitive manufacturing worldwide.

Good morning Ladies and Gentlemen.

It is good to be back in Brussels. The last time I spoke here in December 2006 I said we were approaching a critical moment in framing a long term energy policy for Europe.

FedEx Corp. (NYSE: FDX) and BP Solar announced today the completion and activation of a second project together-a solar system for a FedEx Freight distribution center in Fontana, Calif. The 269 kW (kilowatt) rooftop solar array utilizes BP Solar modules. The first joint system was inaugurated on Earth Day 2008 at FedEx Freight's facility in Whittier, Calif.

BP Solar today welcomed the announcement made by Prime Minister Rudd to provide support to the north-eastern Chinese city of Weihai in its effort to become the largest solar city in the world.

Australia's market leader, BP Solar, was responsible for taking the Solar Cities concept to China, and will be part of a team managing the project's feasibility study.

The plant will produce up to 300 MW each year, creating more than 500 direct new jobs

BP Solar, a European market leader in the design, manufacture and marketing of photovoltaic solar energy, will begin construction in the second quarter of 2008 of a module assembly factory in the industrial park of La Nava II, in Puertollano (Castilla La Mancha). This represents an investment of around 100m Euros.

Sixteen low income families in the Western suburbs of Sydney turned on their new solar electricity systems for the first time today, as part of a Blacktown Solar City initiative that will help residents in social housing save energy and reduce greenhouse gas emissions.

Every one of the social housing properties in the neat cul-de-sac of Amy Close has been fitted out with a 1 kilowatt (kW) solar electricity system. The solar systems will allow residents to plug into the sun and convert sunlight into household electricity.