LA JOLLA, Calif., May 13 (Reuters) - BP CEO Tony Hayward said on Wednesday solar power technology was unlikely to ever be competitive with more conventional energy sources.
'I think solar is probably the most challenged of all of BP's alternative energy interests,' Hayward said.
'It is not going to make the transition to be competitive with more conventional power, the gap is too big...if solar is going to make a breakthrough, there will be a technology disintermediation step,' he added.
(Reporting by Robert Campbell and Bernie Woodall; writing by Matthew Robinson; Editing by David Gregorio) Keywords: SOLAR POWER/BP (rebekah.kebede@thomsonreuters.com: +1 646 223 6052; Reuters Messaging: rebekah.kebede.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'I think solar is probably the most challenged of all of BP's alternative energy interests,' Hayward said.
'It is not going to make the transition to be competitive with more conventional power, the gap is too big...if solar is going to make a breakthrough, there will be a technology disintermediation step,' he added.
(Reporting by Robert Campbell and Bernie Woodall; writing by Matthew Robinson; Editing by David Gregorio) Keywords: SOLAR POWER/BP (rebekah.kebede@thomsonreuters.com: +1 646 223 6052; Reuters Messaging: rebekah.kebede.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.