Link here.
This reminds me of Enbridge doing the same with buying solar farms in Canada.
Margins on solar panels, along with subsidies, tax breaks, grants, "cap and trade" opportunities, all make solar a great fit for oil companies. According to the article, Sun Power's margins are 20 percent. According to Yahoo!Financial, XOM's profit margin is 9%.
In addition, the great "PR" that fossil fuel companies will get by buying solar is incredible. BP was transforming itself into a "green" company before the oil spill.
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