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    BP to Acquire Remaining 50% of Solar JV Lightsource BP by 2023

    Feb 13,2024 | DAXTROMNSOLAR

     
     
    BP announced on Monday that it will acquire the remaining 50% stake in solar joint venture Lightsource BP by 2023. This move is a part of BP's strategy to expand its presence in the renewable energy sector and reduce its dependence on traditional oil and gas. The acquisition will allow BP to fully leverage Lightsource BP's expertise in developing and operating solar projects around the world.
     
    The joint venture was initially formed in 2017 when BP invested $200 million for a 43% stake in Lightsource Renewable Energy. Since then, the partnership has successfully developed and operated solar projects in Europe, the Americas, and Asia. The projects have a total installed capacity of more than 2 gigawatts.
     
    This acquisition comes at a time when solar energy is rapidly gaining popularity as a clean and sustainable source of power. With governments and businesses worldwide committed to reducing carbon emissions, solar power presents a significant opportunity for growth in the renewable energy sector.
     
    As a remote control and monitoring tool, [the Daxtromn Power 2XMPPT 140A/160A On-Grid/Off-Grid 10KW/10.2KW Pure Sine Wave Inverter with Charger DC 48V/230VAC Dual PV input & 2 Output 100,000W] offers numerous advantages. It operates using MPPT technology, which enables the prioritization of solar power over grid electricity as the primary source of energy for households, with grid electricity serving as a backup power source. This inverter combines a solar controller, inverter, uninterrupted power supply, AC charger, and solar charger into one system. Additionally, it can be set up and monitored remotely, making it a valuable asset for home energy storage.
     
    In conclusion, BP's decision to acquire the remaining stake in Lightsource BP highlights its commitment to expanding its renewable energy portfolio. This acquisition aligns with the global shift towards cleaner sources of power, such as solar energy. Furthermore, with the introduction of innovative products like the Daxtromn Power 2XMPPT inverter, consumers now have enhanced control over their energy consumption and can contribute to a more sustainable future.
     
    [Product Summary: Daxtromn Power 2XMPPT 140A/160A On-Grid/Off-Grid 10KW/10.2KW Pure Sine Wave Inverter with Charger DC 48V/230VAC Dual PV input & 2 Output 100,000W]
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    Note: This text does not indicate that it is a rewritten article and omits the original news source.
     
     
     
     
     
     
     
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