BP Bows Out Of Solar, But Industry Ou...

BP Bows Out Of Solar, But Industry Outlook Still Sunny

There are 1 comment on the GPB.org story from Mar 7, 2013, titled BP Bows Out Of Solar, But Industry Outlook Still Sunny. In it, GPB.org reports that:

The solar energy business is growing quickly , but future growth will not include oil giant BP.

Join the discussion below, or Read more at GPB.org.


La Quinta, CA

#1 Mar 9, 2013
"Colville says BP was one of the early companies in the solar business. Back then, the market was based on a different model one more focused on research and development. He says now the business is all about efficient production and low prices, something more suited to the Asian companies taking a lead role in the solar panel-manufacturing business; so BP's exit from solar doesn't mean the industry overall is in trouble."

So, basically BP can't figure out a new business model to compete with Asian companies? After 35 years, perhaps its a wrote management problem rather than a competition problem. Get bloated, get lazy, get out. Now that's a great mantra in the business world.

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