BP Partner Fotowatio Expects More Australia Solar Projects
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Fotowatio Renewable Ventures, BP Plc’s partner in an Australian solar-power project that was awarded A$306.5 million ($324 million) in government funding, said it is considering additional ventures in the country.
“We don’t see this as the only opportunity in Australia,” Javier Huergo, Fotowatio’s head of business development, said by phone today from Sydney. “We think this will demonstrate solar can become an important part of the generation mix and will be ready for the moment when there’s a stable political framework that permits developers to make long-term decisions.”