Homebush.BP Solar facility sold

Silex Systems Limited has agreed to buy the BP Solar manufacturing facility, at Homebush, and further develop the facility as a manufacturing base for solar cells, employing 165 people. Silex Systems CEO, Dr Michael Goldsworthy, said the purchase of the facility was a win-win result which would kick-start the company’s efforts in solar manufacturing. The decision to sell was part of a global drive by BP Solar to reduce the cost of renewable energy technology. Premier Nathan Rees said the deal would generate $30 million in investment over the next five years. The NSW Government worked to secure the sale of the operation to Silex through assistance provided by the Department of State and Regional Development (DSRD).