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. 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. 264.7 KB. The modules, scheduled. 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. BP International Limited ANNUAL REPORT and FINANCIAL Lightsource bp is an international solar business. (Loading)*. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp | What we do | Home - United States 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. There is going to be a huge amount of capital flow into new business models, he predicts. Lightsource and bp celebrate five-year anniversary. When I think about how weve grown as a company, its very, very different to just adding megawatts we have also added great talent and continued to mature and innovate for clients and other stakeholders to stay ahead of the competition, says Brooks. 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. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. Brazil is a massive market with huge potential. Our sector is fundamentally about financing. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. 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. And, if youre confident, you can put your head down and deliver. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . pdf / First Solar Investor Relations 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. 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. Choose a career where you are empowered to change the world! We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. We power businesses and communities across the US with clean and affordable energy solutions. 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. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. November:expansion into Italy, Iberia and Brazil is announced. November:contracts are signed for 25MW of solar power in Western US. Together with our 50:50 joint venture partner bp, we are reimagining energy and enacting real change on the energy landscape, not just in the USA, but all over the world. 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. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. Every region receives a tailored approach and is managed by a local team. Lightsource and BP Join Forces to Drive Growth in Solar Power Home - Lightsource bp April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). Lightsource bp and bp will benefit from the evolution of First Solars advanced Cadmium Telluride (CadTel) thin film module technology platform over the span of the agreement. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. 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. Home, Britoil, Lightsource BP, Llandarcy. Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of This is where we come in. 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. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. In a statement Thursday, Lightsource bp which oil. Sustainability is integrated into our business strategy and operating model at every level. Lightsource BP's initial goal was to use the oil giant's financial muscle to grow a 1.6 gigawatt pipeline of solar projects to a portfolio of 10GW of solar investments by 2023. For First Solar Investors Brazil has all the hallmarks of a country in which Lightsource BP can thrive. New Mexico 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. 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 RENEWABLE ENERGY INVESTMENTS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity 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. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. BP p.l.c. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. of 25 cents each. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 2.2 MB. You can find out more about which cookies we are using or switch them off in settings. Helge Lund, chair Chair's letter pdf / 264.7 KB 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 . "Reliability is super-important, too this is a young industry, so its like a gold rush, with new players coming into the market who want to flip things quickly. 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. 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. 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. BP International Limited. Lightsource bp turns 10 | News and insights | Home See here for a complete list of exchanges and delays. When it joined RE100 in 2020, First Solar committed to powering 100 percent of its global manufacturing operations with renewable energy by 2028, with an interim goal of transitioning its facilities in the US to carbon-free electricity by 2026. 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. 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. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. 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. Report this post Report Report. Lightsource bp Renewable Energy Investments Limited. 260MW of affordable, clean and locally generated electricity for Texas communities. Read more about supporting local communities, Procurement agreement with US-based manufacturer. 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). Actual results may differ materially from those expressed in such statements depending on a variety of factors. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. Lightsource bp, a 50:50 joint venture with bp, unveiled the solar project that will help reduce emissions and support more than 1,000 jobs at EVRAZ's Pueblo steel mill - the world's first steel mill to be powered largely by solar energy. We continue to grow teams, partnerships and projects throughout the world. Post Online Media. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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. 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. 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. Ordinary shares are ordinary fully paid shares in BP p.l.c. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. This website uses cookies so that we can provide you with the best user experience possible. In March 2016, Lightsource Renewable Energy successfully completed and connected Europes largest floating solar farm, installing 6.3MW on the Queen Elizabeth II Reservoir, near London. 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. (), USD Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 2005 BP Alternative Energy Is Launched, from the Deep Sea to the Desert, from Rigs to Retail, Charging Company, Energy with Purpose Means Helping the World Reach Net Zero, BP Plc Group Results Second Quarter and Half Year 2020(A), Exxon Mobil Corp., Exxonmobil Oil Index No, The Forces Maintaining Fossil Fuel Dependence in the Age of Electric, Financial Institutions with a Full Business Law Service, BP P.L.C. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . As the first person on the ground when entering a new territory, he has found that, over the past year, the BP name has opened a lot of doors. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. 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. Annual Gender Pay Gap Report Published in the UK | Lightsource bp We have always been driven, and our partnership with BP is a great enabler. BP are able to deliver more than just solar. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. For more information please visit www.lightsourcebp.com. Lightsource bp Renewable Energy Investments Limited. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 These forward-looking statements include, but are not limited to, statements concerning (i) the framework agreement to supply up to 5.4 gigawatts (GW)DC of solar modules to bp and Lightsource bp, (ii) an MoU with bp and Lightsource bp to explore opportunities to source solar electricity from generation assets owned by the two companies in the United States, (iii) First Solars plans to establish new factories in the United States and India and the expected capacities of those factories, and (iv) when those factories will commence operations and the companys resulting global manufacturing footprint. All rights reserved. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. 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. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. Our team includes over 500 industry specialists, working across 15 countries. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. (Loading), USD This website uses cookies so that we can provide you with the best user experience possible. Solar-powered steel production from Lightsource bp's Bighorn Project in To obtain a hard printed copy of bps 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. bps finances are strong and resilient. Annual report Performing while transforming Annual Report and Form 20-F 2021 pdf / 8.3 MB Strategy Business model Remuneration Key downloads 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. June:first utility solar plant in Maharashtra, India, iscompleted and connected financed by UK Climate Investments, a JV between the Green Investment Group and the Department for Business Energy and Industrial Strategy. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 We are using cookies to give you the best experience on our website. Procurement agreement with US-based manufacturer. Lightsource bp and bp Sign Multi-Year Agreement for up to The Directors remuneration report is on pages 116-141. GBp Lightsource bp | LinkedIn 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. 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. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. 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. The parent company financial statements of BP p.l.c. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . Our success is built on more than just our solar projects. Lightsource bp launches Bighorn Solar project in Colorado - powering Our Standards: The Thomson Reuters Trust Principles. Lightsource BP starts operating massive solar project in North Texas Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Choose a career where you are empowered to change the world! 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 / Weve just released our second annual Gender Pay Gap Report, which covers our gender differences in terms of population, pay and bonus levels from March 2017 to March 2018. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. You've accepted analytics cookies. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. BP returns to solar with investment in Lightsource | Reuters 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. About Lightsource bp solar projects developed worldwide to date, US solar projects in construction or operations, USD project financing raised in the US since 2019, Executed US power contracts with clients in 11 states. Lightsource bp and bp have signed a multi-year agreement for up to 5.4 gigawatts of First Solar modules to be delivered between 2023 and 2025 (Photo: Lightsource bp) Order includes up to 4.3GW for . GBp This website uses cookies so that we can provide you with the best user experience possible. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. In addition to the multi-year module sales agreement, First Solar also signed a memorandum of understanding (MoU) to explore opportunities to source electricity from generation assets developed, owned and operated by Lightsource bp in Ohio, where First Solar operates the Western Hemispheres largest solar manufacturing footprint. Assist in contract negotiation and. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. 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 has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. We use cookies to make our services work and collect analytics information. Lightsource bp gets financing for massive Pointe - Business Report Delivered by Investis. Lightsource bp Renewable Energy Investments Limited. 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) Read story 28 Nov, 2022 COP 27: Meet the Lightsource bp delegation The rapid deployment of solar power on a vast scale is essential to limit global warming to 1.5C. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. 2018, The BP partnership has definitely given our whole team confidence. You can find out more about which cookies we are using or switch them off in settings. 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 are using cookies to give you the best experience on our website. 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? Cookies also allow us and our partners to show you relevant ads when you visit our site and other 3rd party websites, including social networks. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. 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. 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. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of solar projects and power sales to our clients. Lightsource bp has agreed to procure up to 4.3GWDC of modules for its US utility-scale projects, and bp will procure up to 1.1GWDC to power their projects being developed by Lightsource bp. Where we refer to the company, we mean BP p.l.c. ()*, GBp But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. February 27, 2023. You can sign up for additional alert options at any time. Construction on this project commenced in December 2019. Weve made a number of new hires across the Group, and the number of women in higher paying roles has increased, which is something were very proud of. This website uses cookies so that we can provide you with the best user experience possible. In 2021 we started up two major projects in the US Gulf of Mexico, where we plan to grow our oil and gas production to around 400mboe/d net by the mid-2020s, We are accelerating our electric vehicle (EV) charging ambition across key growth markets, through a focus on on-the-go charging and fleets. Our ability to help our customers manage these risks by providing long-term firm pricing and supply commitments, backed by First Solars reputation, is a key differentiator. The company and each of its subsidiaries are separate legal entities. News & insights | Lightsource bp farmers and ranchers face increasing economic stress. 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. In order to advance our purpose and ambition, we have identified three strategic focus areas, and weve set targets and aims against these out to 2025 and 2030. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. Solar projects already meet BP's profit goals, Lightsource BP says 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? About bp If it doesnt make money, it means that were not doing good in the world, as we cant do more of it..
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