In a statement Thursday, Lightsource bp which oil. That's enough to power approximately 86,000 homes in New South Wales. 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. 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. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. 2018, The BP partnership has definitely given our whole team confidence. *Market data delayed by 20 minutes. For First Solar Investors The Directors remuneration report is on pages 116-141. 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. We know many ways in which to finance projects and understand the market for financing very differently.. We power businesses and communities across the US with clean and affordable energy solutions. 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. 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. 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. 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. 264.7 KB. Our Standards: The Thomson Reuters Trust Principles. This is where we come in. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. 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. 2.2 MB. 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. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. You can find out more about which cookies we are using or switch them off in settings. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. Brazil is a massive market with huge potential. 260MW of affordable, clean and locally generated electricity for Texas communities. Contact info@lightsourcebp.com SOCIAL RESOURCES 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 wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. It is not even the beginning of the end. Read story Prev 1 2 Find out more about us and how were working together to create a sustainable energy future for us all. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. We are using cookies to give you the best experience on our website. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp is a global leader in utility-scale solar development and management. 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. 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. High-grading our portfolio, lowering our emissions and driving returns. 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. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. 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? (), USD ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. investor@firstsolar.com
GBp All rights reserved. Lightsource bp pays for the first $800 of the monthly insurance premium. You can sign up for additional alert options at any time. We use cookies to make our services work and collect analytics information. This website uses cookies so that we can provide you with the best user experience possible. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. 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. Group Results Fourth Quarter and Full Year 2019 Highlights. 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. Will stimulate local economy by bringing an estimated $30 million in new revenue to 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. For more information please visit www.lightsourcebp.com. 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. 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. Find out more about our sustainability strategy and initatives. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. Report this post Report Report. (Loading)*. 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. 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. About First Solar, Inc. 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. 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. As a business we care deeply about the impact of our projects, our culture and values, and our team members. 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. All rights reserved. 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. 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 . You've accepted analytics cookies. 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 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. In the US, the companys securities are traded on the New York Stock Exchange (NYSE) in the form of ADSs (see page 368 of the bp Annual Report and Form 20-F 2021 for more details) and in Germany in the form of a global depositary certificate representing bp ordinary shares traded on the Frankfurt, Hamburg and Dusseldorf Stock Exchanges. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. 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. Back Submit . Construction on this project commenced in December 2019. Lightsource bp is a global leader with local impact. November:contracts are signed for 25MW of solar power in Western US. 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. 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.. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. Lightsource bp is an international solar business. 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. It sees further profit opportunities from BPs large power trading business, which can offer customers power from various sources such as solar, wind or natural gas. for the year ended 31 December 2021. Lightsource bp Renewable Energy Investments Limited. Our most recent Annual Report and Form 20-F is available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov SOURCE BP PLC . We recognise that the rising need for energy must be met through sustainable sources. These forward-looking statements are often characterized by the use of words such as estimate, expect, anticipate, project, plan, intend, seek, believe, forecast, foresee, likely, may, should, goal, target, might, will, could, predict, continue and the negative or plural of these words and other comparable terminology. Lightsource bp Renewable Energy Investments Limited. 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). After submitting your request, you will receive an activation email to the requested email address. 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. 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. Legal notice in relation to the material on this page. We represent the opposite of that.. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 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. in 2001. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Lightsource bp today announced it has closed on a $533 million multiproject financing package for its 345-megawatt Ventress Solar project 30 miles northwest of Baton Rouge in Pointe Coupee Parish. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. 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. Discover how we are creating a positive impact across energy, the environment and our people. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. The anniversary of BP's investment in Europe's largest solar developer is coinciding with its announcement of expansion into Brazil, the latest step in the company's growing global footprint As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europe's largest solar developer. The previous year, we reported a gap of 1.2% in favour of men (compared to the UK mean, which was 17.4% according to ONS), and this year our mean gender pay gap is 6%, in favour of women. Sustainability is at our core. 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. Building scale with capital discipline and returns focus. Lightsource bp Renewable Energy Investments Limited. All rights reserved. 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). Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. For more information on bp in the US, visit www.bp.com/us. BP and Lightsource announced the partnership in December. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. farmers and ranchers face increasing economic stress. 2023 Lightsource. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. 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. We work with businesses and communities around the world to deliver low-carbon solar energy projects. 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. 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. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. It is just the start for us in Latin America, Souflis adds. 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. There is going to be a huge amount of capital flow into new business models, he predicts. Our team includes over 500 industry specialists, working across 15 countries. 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.