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April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. Brazil is a massive market with huge potential. Discover how we are creating a positive impact across energy, the environment and our people. Lightsource bp Signs Power Contract With Amazon for a New 375 Megawatt The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. Ordinary shares are ordinary fully paid shares in BP p.l.c. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. As we continue to grow and progress our 10GW development pipeline across America, in addition to our partner bps 9GWs, executing significant long-term procurement agreements with bankable, world class suppliers like First Solar enables us to deliver on our growth plans and industry-leading global target of 25GW of solar by 2025. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. pdf / We recognise that the rising need for energy must be met through sustainable sources. It is an existing key geography for BP, too, and we already are seeing huge opportunity, says Vlasios Souflis, Lightsource BPs international business development director, who is heading up this latest market entry into Latin America. Our team includes over 500 industry specialists, working across 15 countries. 'Terawatts mindset' as Lightsource BP bags $1.8bn to double solar farmers and ranchers face increasing economic stress. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. We are using cookies to give you the best experience on our website. Global leader in responsible solar development | Lightsource bp US Solar Energy UK, the UKs solar trade association, has shone a light on new research that suggests that solar farms can contribute positively to food security. Lightsource BP will continue to publish an annual Gender Pay Gap Report, despite falling below the threshold of businesses required to do so, as evidence of our dedication to fair pay and transparency. Construction on this project commenced in December 2019. Lightsource bp Renewable Energy Investments Limited. Our growth has been in maturing the organization and getting into a strong operating position for next year. 2023 Lightsource. After all, 2017 was also the year in which renewable power grew by almost 20% higher than the 10-year average led by solar energy. Lightsource bp Renewable Energy Investments Limited. Our team includes over 500 industry specialists, working across 15 countries. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. Lightsource and bp celebrate five-year anniversary Read story 01 Mar, 2023 Lightsource bp will promote the development of 19 solar projects, involving an investment of 1.2 billion Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. 2018, The BP partnership has definitely given our whole team confidence. Speaking about the future growth of Lightsource BP, Brooks says: Ive no doubt that we will be 10 to 15 times the size we are today in a decade. Dont underestimate the ambitions of the Lightsource BP team, he warns. The material on the bp Annual Report webpage (the Material) relates to the year ended 31 December 2021 and is provided for general information only. We power businesses and communities across the US with clean and affordable energy solutions. Find out more about how Lightsource bp works and operates and our partnership with bp. About bp GBp This is where we come in. We are using cookies to give you the best experience on our website. This website uses cookies so that we can provide you with the best user experience possible. These provide the basis for a common set of enduring objectives for bp as we transform the organization consistent with the long-term energy transition. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Energy Outlook 2023 considers the recent disruption to global energy supplies and associated impacts on global prices, and explores how this could affect the energy transition out to 2050. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . The framework agreements, the largest in First Solars history, will provide modules scheduled to be delivered between 2023 and 2025 to support the companies solar development pipelines in the United States. Partnerships are a key part of our approach, enabling better and faster utilization of our network. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! Building scale with capital discipline and returns focus. (Loading), USD 'The potential for solar is huge': future looks bright for Lightsource BP The 260-megawatt Impact . We work with businesses and communities around the world to deliver low-carbon solar energy projects. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. You can find out more about which cookies we are using or switch them off in settings. Lightsource bp Places Multi-Year Order for 4 GW of First Solar Modules This website uses cookies so that we can provide you with the best user experience possible. BP p.l.c. We are using cookies to give you the best experience on our website. (Loading), USD The goal was to take the UK-based business global and, one year on, the Lightsource BP partnership has more than doubled its footprint around the world and has just announced a move into renewables-friendly Brazil, where the market potential for solar is huge. It is not even the beginning of the end. Modern Slavery And Human Trafficking Statement. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. Home, Britoil, Lightsource BP, Llandarcy. The Strategic report and the Directors report together include the management report required by DTR 4.1 of the UK Financial Conduct Authoritys Disclosure Guidance and Transparency Rules. ()*, GBp The development of our projects are underpinned by our core values, ethically focussed and climate conscious. As a business we care deeply about the impact of our projects, our culture and values, and our team members. Our gigawatt-approach to solar provides many benefits to our partners worldwide by leveraging economies of scale, ethical and sustainable procurement, and continuous improvement on quality and efficiency. Despite this years impressive results, were not complacent well continue working hard to make sure that equality and fairness is at the heart of our company policies and practices. As a leading developer, financier and operator of utility-scale solar, we have been building and growing meaningful partnerships across the energy transition for over a decade. See here for a complete list of exchanges and delays. Sustainability is integrated into our business strategy and operating model at every level. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. 8.3 MB. Lightsource bp Renewable Energy Investments Limited. I started in this business six years ago, when we were just finding our feet in the UK and a few hundred megawatts seemed a big ambition. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. The full details of our Gender Pay Gap Report 2018 can be found here. Privately-owned Lightsource BP, which develops solar projects from their earliest stages, reported a turnover of 55.3 million pounds last year, compared with 40.7 million pounds a year earlier,. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. First Solar Investor Relations The team is keen to get started in a country where solar is currently heavily underrepresented in the power generation mix but provides a cheaper, flexible, quick-to-deploy energy option that can be placed close to where the demand is. Were looking at assets in some parts of Europe that definitely offer double digit returns and we are also looking at assets in other parts of the world that are lower than that, he told Reuters in an interview this month. But, while it is proud of projects that are bringing renewable energy to millions of homes in India, for example, the focus this year has been on laying the foundations for further growth, rather than simply building capacity. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. The bp Annual Report and Form 20-F 2021 available for download on this webpage constitutes the Annual Report and Accounts in accordance with UK requirements and the Annual Report on Form 20-F in accordance with the US Securities Exchange Act of 1934, for BP p.l.c. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. Lightsource bp Financials | Craft.co To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. Home | Lightsource bp If you experience any issues with this process, please contact us for further assistance. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. Doubling adjusted EBITDA, sustaining returns, focused on customers. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. And this week, Lightsource BP announces its presence in Brazil, meaning the business is now active in 10 countries up from just five only a year ago. Solar Energy UK, the UKs solar trade association, has shone a light on new research that suggests that solar farms can contribute positively to food security. Lightsource BP - Wikipedia DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC, We Want to Help the World Reach Net Zero and Improve People's Lives, Reliance and BP Move Forward with Indian Fuels Partnership., BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components, Press Release by BP and Reliance Industries Limited, BP International Limited ANNUAL REPORT and FINANCIAL, In the Superior Court of the State of Delaware, 1 Complaint Against BP in Respect of Violations of the OECD Guidelines, Plaintiffs' Response in Opposition to BP Motion, Energy Transition: Evolution Or Revolution? Lightsource bp launches Bighorn Solar project in Colorado - bp global It makes good business sense, too. I joined when it was just six people huddled around two laptops, and from that first moment the ethos was clear, Lightsource bp, a global leader in the development and management of solar energy projects, today announced the sale of five utility scale solar photovoltaic (PV). The brand gives us a credibility that it would take 30 years to develop on our own. Lightsource bp to partner with Dourogs on green hydrogen projects - CNBC They have a combination of technologies that effectively allows them to deliver for customers in different jurisdictions. ($1 = 0.7660 pounds) (Reporting by Ron Bousso; editing by Emelia Sithole-Matarise). Delivered by Investis. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. As a leading global solar developer and bp partner, we are rapidly scaling-up to help meet the rising demand for reliable electricity, while supporting the global energy transition to net zero. Were proud to announce that over the past three months weve secured planning permission for a total of over 100MW of solar and storage projects in the UK. 2023 Lightsource. Solar-powered steel production from Lightsource bp's Bighorn Project in All rights reserved. You can choose to allow all cookies by clicking Allow all or manage them individually by clicking Manage cookie preferences, where you will also find more information. Lightsource Bp Renewable Energy Investments Limited It also translates into competitively priced electricity for our customers., Felipe Arbelaez, bps senior vice president of zero carbon energy, added: To help reach our net zero ambition and develop 50GW of renewable power by the end of this decade, we continue to invest in clean, reliable energy in the US. Assist in contract negotiation and. First Solar, Inc. (NASDAQ: FSLR) today announced that global solar leader, Lightsource bp has placed an order for 4 gigawatts (GW)DC of advanced thin film solar modules. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. bps finances are strong and resilient. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. New Mexico And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. We continue to grow teams, partnerships and projects throughout the world. In 1910, the steel mill, then known as The Colorado Fuel and Iron Company, employed approximately 15,000 people, or about one-tenth of the entire Colorado workforce, according to the Colorado Encyclopedia and later was the . The term shareholder in the bp Annual Report and Form 20-F 2021 means, unless the context otherwise requires, investors in the equity capital of BP p.l.c., both direct and indirect. Owler Reports - Lightsource bp: Lightsource bp selling 1-GWp solar The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. BP are able to deliver more than just solar. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Where we refer to the company, we mean BP p.l.c. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). 264.7 KB. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. To obtain a hard printed copy of BP's complete audited financial statements, free of charge, UK based investors should contact bp Distribution Services by clicking the link above or calling +44 (0)870 241 3269 or by emailing bpdistributionservices@bp.com. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. About First Solar, Inc. First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. After submitting your request, you will receive an activation email to the requested email address. Privately-owned Lightsource BP, which develops solar projects from their earliest stages, reported a turnover of 55.3 million pounds ($72.2 million) last year, compared with 40.7 million pounds a year earlier, according to the companys annual report filed this week. Lightsource bp gets financing for massive Pointe - Business Report Oil and gas will remain BPs largest source of income over the coming decade which will help pay for the shift to low-carbon energy. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. Report this post Report Report. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. In just 11 months, the company has been awarded significant corporate power contracts in the US and Australia, entered the Egyptian energy market through a joint venture, and established a 500 million green energy infrastructure fund in India. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. In 2021 we started directly supplying customers in China with gas from liquefied natural gas (LNG) imported by bp, completing our first fully integrated gas value chain into the country. LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED, for LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED (09494479), (of the document filed at Companies House), Companies House does not verify the accuracy of the information filed. The Material may contain certain forward-looking statements, forecasts or projections with respect to the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. Lightsource and bp celebrate five-year anniversary. For more information on bp in the US, visit www.bp.com/us. In a statement Thursday, Lightsource bp which oil. But many BP investors have cast doubts over BPs vow that the renewables business could generate returns of 8% to 10%, higher than the sectors average of 5% to 6% in order to maintain and even grow shareholder payouts. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. We power businesses and communities across the US with clean and affordable energy solutions. the Role of Oil and Gas, Sustainability Report 2020 Sustainability at Bp 2020 at a Glance Our Foundations Our Focus Areas Embedding Sustainability External Collaborations Our Reporting, Parent Company Financial Statements of BP P.L.C, DID YOU KNOW? You can find out more about which cookies we are using or switch them off in settings. These factors include, but are not limited to, the matters discussed under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations of our most recent Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q, as supplemented by our other filings with the Securities and Exchange Commission. BP <BP.L> is getting back into solar power six years after its first, failed foray, with a $200 million investment in solar generator Lightsource that the oil and gas firm expects will deliver . Our approach has always been to attract, select and retain the right person for each position, regardless of gender, sexuality, personal beliefs, identity and ethnicity. All rights reserved. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 2023 Lightsource. bp acquired the projects as part of its net zero ambition and target to grow its net developed renewable generating capacity to 20GW by 2025 and 50GW by 2030. Estimated to abate 204,000 metric tons of carbon dioxide (CO2) emissions each year, equivalent to annual emissions from about 44,000 fuel burning cars. BP International Limited. You've rejected analytics cookies. You've accepted analytics cookies. BATON ROUGE, La.-- ( BUSINESS WIRE )--Lightsource bp has successfully closed on a $533 million multi-project financing package and mobilized construction on its 345 megawatt (dc) Ventress Solar. February 27, 2023. Senior Manager O&M, United States - Lightsource bp - LinkedIn Lightsource bp Renewable Energy Semiconductor Manufacturing . Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 Lightsource bp pays for the first $800 of the monthly insurance premium. Post Online Media. LONDON, Oct 22 (Reuters) - Solar power developer Lightsource BP has generated returns of 10% and more on projects, its chief executive told Reuters as investors fret over joint owner BPs plan to switch away from oil and gas to renewables.