BP Amoco buys out Enron's stake in joint solar power firm

04/12/1999
BP Amoco announced last week it would pay Enron Corp. $45 million for the 50% the combine does not already own in Solarex, a company formed in 1973 that became an Amoco Corp./Enron joint venture in 1995. In 1998, Solarex had a turnover of $58 million, while BP Solar, established in 1981 and with worldwide annual capacity to manufacture solar panels with combined capacity of 13.2 MW, had a turnover of $95 million. The integrated solar company will be named BP Solarex and headquartered in Frederick, Md., to combine the current operations of Solarex and BP Solar. The company will be headed by Harry Shrimp, recently appointed president and CEO of Solarex, while its chairman will...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected