One-time industry pioneer BP Solar has completely closed up shop.
After 40 years and multiple efforts to remain commercially viable, parent company BP has decided to exit the business entirely, according to spokesperson Robert Wine.
BP Solar had already closed manufacturing in the U.S., Spain, and Australia in an effort to lower costs. In July, it said it would only pursue only larger projects, rather than residential and commercial rooftop installations.
The rapid commoditization of lower-cost solar panels manufactured in Asia meant that BP Solar's products were no longer viable in Europe, Australia, and the U.S. where … Read more