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. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. 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. 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 in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. 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). Read story 28 Feb, 2023 Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana 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. Information in the bp Annual Report and Form 20-F 2021 reflects 100% of the assets and operations of the company and its subsidiaries that were consolidated at the date or for the periods indicated, including non-controlling interests. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. Procurement agreement with US-based manufacturer. The company and each of its subsidiaries are separate legal entities. (), USD We use cookies to collect and analyse information on our site's performance and to enable the site to function. *Market data delayed by 20 minutes. Sustainability is at our core. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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. 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. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. We are using cookies to give you the best experience on our website. Assist in contract negotiation and. 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. 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. Find out more about our sustainability strategy and initatives. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota Lightsource bp launches Bighorn Solar project in Colorado - powering * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. Lightsource bp launches Bighorn Solar project in Colorado - bp global Lightsource bp and bp Sign Multi-Year Agreement for up to 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. (Loading), USD Lightsource bp Financials | Craft.co And, if youre confident, you can put your head down and deliver. Building scale with capital discipline and returns focus. Choose a career where you are empowered to change the world! Sustainability is integrated into our business strategy and operating model at every level. GBp Our purpose is to deliver affordable and sustainable solar. 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 . Our success is built on more than just our solar projects. Group Results Fourth Quarter and Full Year 2019 Highlights. You've rejected analytics cookies. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 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. Designed and developed at its research and development (R&D) centers in California and Ohio, First Solars responsibly produced advanced thin film PV modules set industry benchmarks for quality, durability, reliability, design, and environmental performance. Lightsource bp is an international solar business. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. Here are some examples of how we performed in 2021. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. 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 International Limited ANNUAL REPORT and FINANCIAL Lightsource BP - Wikipedia This drives our commitment and continued effort to integrate sustainable business practices into everything we do. Solar projects already meet BP's profit goals, Lightsource BP says Annual report | Investors | Home - bp global 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. in 2001. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. The modules, scheduled. This is where we come in. Lightsource bp | What we do | Home - United States Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. We power businesses and communities across the US with clean and affordable energy solutions. All quotes delayed a minimum of 15 minutes. This landmark solar industry procurement deal is a testimony to Lightsource bps exponential growth in the United States, and our confidence in First Solars technology, said Kevin Smith, chief executive officer, Americas, Lightsource bp. Annual Gender Pay Gap Report Published in the UK | Lightsource bp In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. 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. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 8.3 MB. Developed at R&D labs in California and Ohio, the companys advanced thin film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon PV panels. Construction on this project commenced in December 2019. Lightsource BP: one year on and going global With smaller pockets, comes a different approach. 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. Delivered by Investis. News & insights | Lightsource bp Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Legal notice in relation to the material on this page. You should not place undue reliance on these forward-looking statements. 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. You can find out more about which cookies we are using or switch them off in settings. 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. 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. 2018, The BP partnership has definitely given our whole team confidence. GBp There is going to be a huge amount of capital flow into new business models, he predicts. Lightsource bp gets financing for massive Pointe - Business Report Doubling adjusted EBITDA, sustaining returns, focused on customers. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. We power businesses and communities across the US with clean and affordable energy solutions. 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. 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. Lightsource bp Renewable Energy Investments Limited. 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. Delivered by Investis. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. For more information, please visit www.firstsolar.com. The great majority of this investment will fund Lightsource's. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/16dda5bd-3fb9-4df3-a008-49c75d6999d5, https://www.globenewswire.com/NewsRoom/AttachmentNg/f00065c2-75ab-46b9-b9e8-b9057d21ae52. 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. ()*, GBp 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.. 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. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. 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. It makes good business sense, too. Find out more about us and how were working together to create a sustainable energy future for us all. 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. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. All rights reserved. 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. 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. 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. Brazil is a massive market with huge potential. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). We are using cookies to give you the best experience on our website. 'Terawatts mindset' as Lightsource BP bags $1.8bn to double solar BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . This is exactly the type of energy we want to develop and deliver as we continue to build out our renewable pipeline and ultimately strengthen confidence in our target of delivering 20GW of developed renewables by 2025.. Lightsource bp is a global leader with local impact. 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. 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. November:expansion into Italy, Iberia and Brazil is announced. 2.2 MB. 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. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. Lightsource bp Renewable Energy Semiconductor Manufacturing . And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. 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 . 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 team includes over 500 industry specialists, working across 15 countries. 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. This website uses cookies so that we can provide you with the best user experience possible. farmers and ranchers face increasing economic stress. Global leader in responsible solar development | Lightsource bp US 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. For more information on bp in the US, visit www.bp.com/us. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. 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. 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. For First Solar Investors 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. November We use cookies to make our services work and collect analytics information. It is not even the beginning of the end. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. Were delighted that bp and Lightsource bp have placed their trust in us and our technology to help power their growth in the United States.. 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. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. BP and Lightsource announced the partnership in December. 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? 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. Lightsource and bp celebrate five-year anniversary. *Market data delayed by 20 minutes. Post Online Media. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. We know many ways in which to finance projects and understand the market for financing very differently.. Lightsource bp is a global solar leader and 50:50 JV partner with bp, working with utilities, businesses, local communities and governments to help meet the rising demand for affordable, reliable and sustainable energy. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. For more information please visit www.lightsourcebp.com. Lightsource and BP Join Forces to Drive Growth in Solar Power 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. 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. Report this post Report Report. of 1 each. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . 260MW of affordable, clean and locally generated electricity for Texas communities. The companys primary share listing is the London Stock Exchange. (Loading), USD Contact info@lightsourcebp.com SOCIAL RESOURCES 382.4 KB, pdf / Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. 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. 2023 Lightsource. bps finances are strong and resilient. 2023 Lightsource. At Lightsource bp, weve been developing utility-scale solar projects since 2010. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 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). Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. See here for a complete list of exchanges and delays. BPs shares linger near 25-year lows after it halved its dividend in August. Lightsource bp Renewable Energy Investments Limited. 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 have always been driven, and our partnership with BP is a great enabler. Interview with Emilie Wangerman, Senior VP, Head of Business Lightsource BP - the solar developer 50% owned by the oil supermajor - announced a more than doubling in growth ambitions backed by a $1.8bn finance package as it hailed "a shift in mindset from gigawatts to terawatts" by the global renewables sector. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. Back Submit . Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. 'The potential for solar is huge': future looks bright for Lightsource BP Lightsource bp Renewable Energy Investments Limited. Lightsource bp turns 10 | News and insights | Home 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. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. Every region receives a tailored approach and is managed by a local team. This website uses cookies so that we can provide you with the best user experience possible. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. 2023 Lightsource. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 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. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. This website uses cookies so that we can provide you with the best user experience possible. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. This website uses cookies so that we can provide you with the best user experience possible. When BP announced its stake in Lightsource in late-December 2017, committing $200 million over three years, Brooks was just a year into his role. 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?

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