Those companies looking to make the leap into the alternative energy sector could be offered up a slice of BP’s pie. The UK-based company said that selling a portion of its alternative-energy unit was a possibility. BP said this division of the company is worth about $7 billion when compared to other alternative companies’ holdings.
The company, at its strategy presentation, said that the unit which provides solar and wind power is worth between $5 billion and $7 billion taking stock-market valuations for similar companies. "We intend to grow this business predominately for its equity value," said CEO Tony Hayward. "As we go forward we will be looking at how best we can realize that growing value for our shareholders."