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We are using cookies to give you the best experience on our website. These modules are a critical step in delivering our 9GW solar pipeline that will provide affordable energy, create jobs, bolster the supply chain and deliver the type of returns our investors expect. Report this post Report Report. 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. New Mexico 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. 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. 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). TEMPE, Ariz., Nov. 22, 2021 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) today announced that global solar leader Lightsource bp and integrated energy company bp have placed multi-year orders for up to 5.4 gigawatts (GW) combined of First Solars advanced, ultra-low carbon thin film photovoltaic (PV) solar modules. Read story Prev 1 2 The great majority of this investment will fund Lightsource's. Oversee onboarding of new facilities. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. As a business, we also care deeply about our culture and values, invest in our teams, and place people and communities at the heart of the decisions we make. The modules, scheduled. Our growth has been in maturing the organization and getting into a strong operating position for next year. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. Lightsource Bp Renewable Energy Investments Limited It, however, recorded an operating loss of 24.5 million pounds in 2019 compared with a 15 million pound loss a year earlier, as a result of higher investments in new projects. Lightsource BP: one year on and going global 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. (Loading), USD As the company's shares, in the form of ADSs, are listed on the NYSE, an Annual Report on Form 20-F is filed with the SEC. 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. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. Interview with Emilie Wangerman, Senior VP, Head of Business which is equivalent to the annual demand of approximately 36,000 New Zealand homes. (Loading), USD We undertake no obligation to update any of these forward-looking statements for any reason, whether as a result of new information, future developments or otherwise. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Lightsource bp and bp Sign Multi-Year Agreement for up to Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Building scale with capital discipline and returns focus. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. of 25 cents each. 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. In addition to its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and has previously announced plans to build a new 3.3GW factory in India that is expected to be commissioned in the second half of 2023. We build, own and operate cost-effective, clean energy projects, and are dedicated to pushing the frontiers of solar and storage solutions, backed by world-class execution capabilities. Lightsource bp pays for the first $800 of the monthly insurance premium. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. Doubling adjusted EBITDA, sustaining returns, focused on customers. You've rejected analytics cookies. 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 parent company financial statements of BP p.l.c. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. We are growing at pace and scale, going beyond business as usual, to act as an enabler of the energy transition and meet this rising demand for sustainable energy with the urgency it deserves. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 2023 Lightsource. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. Lightsource bp Places Multi-Year Order for 4 GW of First Solar Modules Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. From raw material sourcing and manufacturing through end-of-life module recycling, First Solars approach to technology embodies sustainability and a responsibility towards people and the planet. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 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. This result is much lower than the UK average (this year 8.6% in favour of men), and is largely due to the composition of our workforce. 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. 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. 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. This website uses cookies so that we can provide you with the best user experience possible. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. The 260-megawatt Impact . The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. The new facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the companys Northwest Ohio footprint to a total annual capacity of 6GW, which is believed to make it the largest fully vertically integrated solar manufacturing complex outside of China. Led by Emilie Wangerman, Lightsource bp's business development team supported bp in acquiring an additional 9 GW pipeline of projects from 7X Energy, Inc., which will be exclusively developed by Lightsource bp's U.S. team. Procurement agreement with US-based manufacturer. 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). At Lightsource BP we firmly believe in the importance of a diverse, supportive, equality-driven work force, and were proud of everything weve done to create one. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Every region receives a tailored approach and is managed by a local team. Lightsource BP, a global solar company in which oil major BP has a 50 percent stake, has begun commercial operation of its largest solar project located in North Texas. Lightsource bp is an international solar business. It makes good business sense, too. 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. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. 8.3 MB. pdf / This website uses cookies so that we can provide you with the best user experience possible. is the parent company of the bp group of companies. 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? Lightsource bp Renewable Energy Investments Limited. The bp Annual Report and Form 20-F 2021 contains the Strategic report on the inside front cover and pages 1-80 and the Directors report on pages 81-115, 116 (in part only), 142-143, 254-281 and 337-388. The Directors statements (comprising the Statement of directors responsibilities; Risk management and internal control; Longer-term viability; Going concern; and Fair, balanced and understandable), the independent auditors report on the annual report and accounts to the members of BP p.l.c., the parent company financial statements of BP p.l.c. 'The potential for solar is huge': future looks bright for Lightsource BP 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. About bp farmers and ranchers face increasing economic stress. News & insights | Lightsource bp Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . bp is Americas largest energy investor since 2005, investing more than $130 billion in the economy and supporting about 230,000 additional jobs through its business activities. of 1 each. *Market data delayed by 20 minutes. ()*, GBp DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity Actual results may differ materially from those expressed in such statements depending on a variety of factors. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. For First Solar Investors 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. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. December 2022 marks five years since bp and Lightsource entered into a partnership to become Lightsource bp a 50:50 joint venture between the companies. 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. 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. It is not even the beginning of the end. 'Terawatts mindset' as Lightsource BP bags $1.8bn to double solar Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. BP p.l.c. After submitting your request, you will receive an activation email to the requested email address. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. Lightsource BP, rebranded from Lightsource Renewable Energy in 2018, is the largest solar developer in Europe, and third largest in the world outside of China. Ordinary shares are ordinary fully paid shares in BP p.l.c. First Solar Investor Relations Forward-looking statements are only predictions based on our current expectations and our projections about future events and therefore speak only as of the date of this release. We believe that sustainability and social responsibility are crucial for long-term business success and this is embedded within our business model, holding us accountable to those principles. 2.2 MB. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. November:expansion into Italy, Iberia and Brazil is announced. It is just the start for us in Latin America, Souflis adds. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . Lightsource BP, like rivals including Frances Total , sees further opportunities for profits from selling solar and wind power projects it had developed from early stages. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. Modern Slavery And Human Trafficking Statement. 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. Where we refer to the company, we mean BP p.l.c. Lightsource bp | LinkedIn 260MW of affordable, clean and locally generated electricity for Texas communities. Find out more about how Lightsource bp works and operates and our partnership with bp. Lightsource bp launches Bighorn Solar project in Colorado - bp global The Material does not (i) form part of the bp Annual Report and, pdf / 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. *Market data delayed by 20 minutes. As Americas familyfarmers and ranchers face increasing economic stress, opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. 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. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! What the two companies have in common is a shared ambition to accelerate the global low carbon transition. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. As part of the deal, Lightsource bp and bp have placed firm orders for approximately 4.4GWDC of modules, with options for an additional 1GWDC. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota BP will invest $200 million in Lightsource over three years for a 43% stake in the business. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. Back Submit . 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. If you are passionate about accelerating the energy transition, and looking to join a global collaboration of team members focused on delivering sustainable power, visit our careers page to find out more about working at Lightsource bp. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. The ability to bring base load is something that a trading operation like BPs can deliver, Lightsource BP chief operating officer and co-founder Kareen Boutonnat said. You can change your cookie settings at any time. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. We are using cookies to give you the best experience on our website. The companys primary share listing is the London Stock Exchange. Home - Lightsource bp This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. Throughout the transition, our goal will be to maintain the high performance and steady progress we have shown since our transformation journey began in 2020. pdf / The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. This website uses cookies so that we can provide you with the best user experience possible. You can change your cookie settings at any time. You can find out more about which cookies we are using or switch them off in settings. (), USD 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. If you experience any issues with this process, please contact us for further assistance. Annual Gender Pay Gap Report Published in the UK | Lightsource bp Since late 2017, the team has developed a pipeline of more than 10 gigawatts of large-scale solar projects at various stages of development across the United States with over 2.8 gigawatts of contracted assets with clients in 11 states representing more than $2.3 billion in expected investment. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 The former Goldman Sachs principal and investor went from finance to an operating business because: I have an enormous personal conviction about the energy transition and the ability to have a real impact.. Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. Legal notice in relation to the material on this page. BP undoubtedly lends its global scale, built up over more than a century, to the partnership, opening doors and sharing its knowledge of operating in territories covering the US, India, Europe and the Middle East. 602-414-9315, Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of First Solar Modules, Western Hemispheres largest solar manufacturing footprint. Lightsource and bp celebrate five-year anniversary. (Loading)*. 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. 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. As a business we care deeply about the impact of our projects, our culture and values, and our team members. Choose a career where you are empowered to change the world! If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. We know many ways in which to finance projects and understand the market for financing very differently.. 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. High-grading our portfolio, lowering our emissions and driving returns. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF).