BP Expects Solar Sales to Jump in Japan, China, Korea

BP Plc, the world’s third-biggest maker of solar cells, expects Asian sales to accelerate as 1 billion people seek access to electricity and developed nations such as Japan target lower fuel imports.

Sales in the Asian market may grow 50 percent a year by 2016, from a maximum of 30 percent now, driven by increased demand in China, South Korea and Japan, Mark Twidell, BP Solar’s director for Asia, said without giving a value estimate. BP expects global solar manufacturing revenue to double by 2008 from almost $500 million in 2005.

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