KEYFACT Energy
A joint venture half owned by BP is set to invest in solar power in New Zealand in partnership with one of the South Pacific country's largest utilities.
The agreement between the BP joint venture, known as Lightsource bp, and Contact Energy adds to a growing pipeline of solar power investments in New Zealand.
Lightsource said they will work together on multiple solar generation projects in New Zealand that would provide 380 gigawatt hours of electricity annually by 2026--about 1.0% of current national electricity generation or enough to power 50,000 homes.
KeyFacts Energy: Lightsource bp US country profile