Oversee onboarding of new facilities. This website uses cookies so that we can provide you with the best user experience possible. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. 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. BP International Limited ANNUAL REPORT and FINANCIAL 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. 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 BP - Wikipedia Our purpose is to deliver affordable and sustainable solar. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. And, if youre confident, you can put your head down and deliver. 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. 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 . 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. 2023 Lightsource. 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. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. With First Solars expansion in the United States and India and optimization of its existing fleet, the company anticipates that its nameplate manufacturing capacity will double to 16GW by 2024. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. 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. 2023 Lightsource. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Lightsource bp pays for the first $800 of the monthly insurance premium. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. 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. 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 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.. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. It also translates into competitively priced electricity for our customers., Felipe Arbelaez, bps senior vice president of zero carbon energy, added: To help reach our net zero ambition and develop 50GW of renewable power by the end of this decade, we continue to invest in clean, reliable energy in the US. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. Actual results may differ materially from those expressed in such statements depending on a variety of factors. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. Read story Prev 1 2 Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Annual report | Investors | Home - bp global 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. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. Helge Lund, chair Chair's letter pdf / 264.7 KB You can find out more about which cookies we are using or switch them off in settings. The parent company financial statements of BP p.l.c. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. Estimated to abate 204,000 metric tons of carbon dioxide (CO2) emissions each year, equivalent to annual emissions from about 44,000 fuel burning cars. 264.7 KB. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. We are using cookies to give you the best experience on our website. LSbp's first site produced just 0.7 megawatts (MW) of solar power. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. 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. The project will be the largest solar project in the state and will help McDonald's and eBay meet their sustainability goals and advance their commitment to climate action. 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. BP and Lightsource announced the partnership in December. ()*, GBp GBp We use cookies to make our services work and collect analytics information. There is going to be a huge amount of capital flow into new business models, he predicts. 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. Discover how we are creating a positive impact across energy, the environment and our people. You can change your cookie settings at any time. Lightsource and bp celebrate five-year anniversary. Lightsource bp Renewable Energy Investments Limited. Lightsource bp Renewable Energy Investments Limited. Find out more about how Lightsource bp works and operates and our partnership with bp. 2023 Lightsource. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana Earlier this year, First Solar announced that it will invest $680 million to expand Americas domestic PV solar manufacturing capacity by 3.3GW annually, by building its third US manufacturing facility, in Lake Township, Ohio. 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. News & insights | Lightsource bp Privately-owned Lightsource BP, which develops solar projects from their earliest stages, reported a turnover of 55.3 million pounds last year, compared with 40.7 million pounds a year earlier,. 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 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. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. First Solar Investor Relations pdf / 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. Unless otherwise stated or the context otherwise requires, the term BP or "bp" and terms such as we, us and our are used for convenience to refer to one or more of the members of the bp group instead of identifying a particular entity or entities. Lightsource bp gets financing for massive Pointe - Business Report 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. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. Partnerships are a key part of our approach, enabling better and faster utilization of our network. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 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). 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 . About Lightsource bp April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. Contact [email protected] SOCIAL RESOURCES This website uses cookies so that we can provide you with the best user experience possible. We work with businesses and communities around the world to deliver low-carbon solar energy projects. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . (Loading), USD Solar-powered steel production from Lightsource bp's Bighorn Project in Lightsource bp turns 10 | News and insights | Home Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. All rights reserved. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. You can find out more about which cookies we are using or switch them off in settings. 8.3 MB. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Lightsource bp is an international solar business. All quotes delayed a minimum of 15 minutes. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. Lightsource bp launches Bighorn Solar project in Colorado - powering We use cookies to collect and analyse information on our site's performance and to enable the site to function. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing [email protected]. Interview with Emilie Wangerman, Senior VP, Head of Business 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. 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. For more information on bp in the US, visit www.bp.com/us. 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. This is where we come in. The US solar industry is at an important inflection point where it must continue the charge towards delivering 45% of our countrys electricity by 2050 while addressing the risks and uncertainty posed by increasingly volatile solar panel production, pricing, and supply, said Georges Antoun, chief commercial officer, First Solar. 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? Brazil is a massive market with huge potential. Read more about supporting local communities, Procurement agreement with US-based manufacturer. 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. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. 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. We power businesses and communities across the US with clean and affordable energy solutions. Home - Lightsource bp This drives our commitment and continued effort to integrate sustainable business practices into everything we do. in 2001. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. After submitting your request, you will receive an activation email to the requested email address. We continue to grow teams, partnerships and projects throughout the world. Lightsource BP: one year on and going global Post Online Media. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. The Directors remuneration report is on pages 116-141. BP are able to deliver more than just solar. 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. For First Solar Investors Were looking at assets in some parts of Europe that definitely offer double digit returns and we are also looking at assets in other parts of the world that are lower than that, he told Reuters in an interview this month. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 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. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. 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. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. (Loading)*. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. 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. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . Delivered by Investis. 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. 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. 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. Find out more about us and how were working together to create a sustainable energy future for us all. We recognise that the rising need for energy must be met through sustainable sources. Home | Lightsource bp 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. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. 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. 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. 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. Lightsource bp | LinkedIn 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. 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. BPs shares linger near 25-year lows after it halved its dividend in August. 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. 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. 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. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 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. Sustainability is at our core. 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 August 2021 Lightsource bp signed a new power purchase agreement with McDonald's and eBay for a 345MW solar project under development in Louisiana. 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. 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. Group Results Fourth Quarter and Full Year 2019 Highlights. Building scale with capital discipline and returns focus. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp Renewable Energy Investments Limited. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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 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. Lightsource and BP Join Forces to Drive Growth in Solar Power Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. 'Terawatts mindset' as Lightsource BP bags $1.8bn to double solar 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 bp and bp Sign Multi-Year Agreement for up to All rights reserved. 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. 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. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. Assist in contract negotiation and. of 1 each. 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. We use cookies to collect and analyse information on our site's performance and to enable the site to function. And the next big steps are bigger projects and more volume.