{
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  "docSlug": "d5cf668f7ec6",
  "documentTitle": "BP plc (BP)",
  "authorId": "23_Bluebell_Capital",
  "authorName": "Giuseppe Bivona and Marco Taricco",
  "documentKindSlug": "shareholder-letter",
  "documentKindLabel": "Shareholder letter",
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  "presentationDate": "2024-07-23 00:00:00",
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  "notes": "This is a page from a shareholder letter by Bluebell Capital Partners.",
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      "kind": "callout",
      "text": "Based on these facts, it seems that the Board has interpreted the revised regulation (EN-3) to suit its own interests, viewing it as a means to construct solar installations of any size (e.g., 76 MW or 94 MW) while bypassing the need for authorization from the Secretary of State for Energy.",
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      "kind": "disclaimer",
      "text": "Bluebell Capital Partners Limited 2 Eaton Gate, London SW1W 9BJ Tel: +44 20 3826 0100",
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      "kind": "list",
      "text": "(i) why did BP seem to want to conceal that the actual installed solar panel capacity was significantly greater than 50 MW before January 17th, 2024... (ii) why would BP want to seem to build solar farms with an installed solar panel capacity which is 50%... greater than the inverter's capacity?",
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      "kind": "paragraph",
      "text": "After having reviewed the Burnhope and Hett Moor solar farm applications, two issues caught our attention:",
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      "text": "Based on these facts, it seems that the Board has interpreted the revised regulation (EN-3) to suit its own interests, viewing it as a means to construct solar installations of any size (e.g., 76 MW or 94 MW) while bypassing the need for authorization.",
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      "kind": "paragraph",
      "text": "3. Question A: why does BP believe that a solar farm with installed capacity of the solar panels above 50 MW does not qualify as a 'Nationally Significant Infrastructure Project'?",
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      "kind": "title",
      "text": "BLUEBELL CAPITAL PARTNERS",
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