BP Amoco launched the world’s largest solar energy project on Friday, promising to bring electricity to 150 remote villages in the Philippines. Financed in part by the Spanish government, the $48 million project will supply solar power to 400,000 people, providing energy for basic lighting and irrigation and drinking water systems. BP Solar CEO Bo Harmon says that funding organizations around the world are turning to low-cost solar energy to help spur economic development in developing countries. BP’s solar power division has annual revenues of about $200 million and holds a 20 percent global market share.
