A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. 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. BP p.l.c. We recognise that the rising need for energy must be met through sustainable sources. You've rejected analytics cookies. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . This website uses cookies so that we can provide you with the best user experience possible. 2023 Lightsource. We are using cookies to give you the best experience on our website. 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. 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. 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. *Market data delayed by 20 minutes. Delivered by Investis. Lightsource bp is an international solar business. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Back Submit . 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. 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. 'The potential for solar is huge': future looks bright for Lightsource BP Our employees are drivers of our success, as is our status as a fair employee with a track record of gender equity in hiring and compensation. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! 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. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. 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. Lightsource bp to partner with Dourogs on green hydrogen projects - CNBC 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. 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. 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. Doubling adjusted EBITDA, sustaining returns, focused on customers. Lightsource bp turns 10 | News and insights | Home 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. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Lightsource bp is a global leader with local impact. We power businesses and communities across the US with clean and affordable energy solutions. BP International Limited ANNUAL REPORT and FINANCIAL By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. All rights reserved. February 27, 2023. 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. 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. 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. 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 is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. 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 . This website uses cookies so that we can provide you with the best user experience possible. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. Lightsource and BP Join Forces to Drive Growth in Solar Power GBp Find out more about our sustainability strategy and initatives. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. We are using cookies to give you the best experience on our website. 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. 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 launches Bighorn Solar project in Colorado - bp global , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. See here for a complete list of exchanges and delays. All rights reserved. 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? 2023 Lightsource. 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. 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. Brooks has a Winston Churchill quote in mind: Now, this is not the end. Partnerships are a key part of our approach, enabling better and faster utilization of our network. for the year ended 31 December 2021. Global leader in responsible solar development | Lightsource bp US 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. 264.7 KB. 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. 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 It is not even the beginning of the end. November:expansion into Italy, Iberia and Brazil is announced. 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 is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. This website uses cookies so that we can provide you with the best user experience possible. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. All rights reserved. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . 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. (), USD 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). 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. 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. We have always been driven, and our partnership with BP is a great enabler. The full details of our Gender Pay Gap Report 2018can be found here. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. 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.. 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. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. It is just the start for us in Latin America, Souflis adds. BP International Limited. You can find out more about which cookies we are using or switch them off in settings. We continue to grow teams, partnerships and projects throughout the world. Lightsource Bp Renewable Energy Investments Limited The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. About Lightsource bp We use cookies to make our services work and collect analytics information. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. London-based Lightsource BP, which is half-owned by oil major BP and will mark its 10th anniversary later this year, has rapidly grown around the world in recent years and aims to reach 10 gigawatt (GW) of solar capacity by 2023 from a current 2 GW . Lightsource bp Closes Financing Package and Mobilizes Construction on 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. 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. At Lightsource BP we firmly believe in the importance of a diverse, supportive, equality-driven work force, and were proud of everything weve done to create one. 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. 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,. 2023 Lightsource. You've accepted analytics cookies. 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. BP and Lightsource announced the partnership in December. This is where we come in. Assist in contract negotiation and. At Lightsource bp, weve been developing utility-scale solar projects since 2010. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. We are using cookies to give you the best experience on our website. 382.4 KB, pdf / For First Solar Investors May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. The company and each of its subsidiaries are separate legal entities. There is going to be a huge amount of capital flow into new business models, he predicts. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. Lightsource bp is a global leader in utility-scale solar development and management. You can change your cookie settings at any time. The parent company financial statements of BP p.l.c. Read story 28 Feb, 2023 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. COLUMBUS, Ohio-- ( BUSINESS WIRE )--Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon's. investor@firstsolar.com 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. All quotes delayed a minimum of 15 minutes. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. 260MW of affordable, clean and locally generated electricity for Texas communities. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. 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. For more information please visit www.lightsourcebp.com. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. 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. 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. 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. We are using cookies to give you the best experience on our website. BPs shares linger near 25-year lows after it halved its dividend in August. 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 - 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. BP are able to deliver more than just solar. And the next big steps are bigger projects and more volume. 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. 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. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. Lightsource bp is a global leader in utility-scale solar development and management. Where we refer to the company, we mean BP p.l.c. 'Terawatts mindset' as Lightsource BP bags $1.8bn to double solar 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. For more information, please visit www.firstsolar.com. 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. Home | Lightsource bp which is equivalent to the annual demand of approximately 36,000 New Zealand homes. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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. 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. After submitting your request, you will receive an activation email to the requested email address. Our success is built on more than just our solar projects. That's enough to power approximately 86,000 homes in New South Wales. As part of the deal, Lightsource bp and bp have placed firm orders for approximately 4.4GWDC of modules, with options for an additional 1GWDC. Lightsource bp Financials | Craft.co 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. Discover how we are creating a positive impact across energy, the environment and our people. 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. We know many ways in which to finance projects and understand the market for financing very differently.. 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. 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. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. farmers and ranchers face increasing economic stress. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. 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. Lightsource bp pays for the first $800 of the monthly insurance premium. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. The full details of our Gender Pay Gap Report 2018 can be found here. 2.2 MB. We are growing at pace and scale, going beyond business as usual, to act as an enabler of the energy transition and meet this rising demand for sustainable energy with the urgency it deserves. As the company's shares, in the form of ADSs, are listed on the NYSE, an Annual Report on Form 20-F is filed with the SEC. Home - Lightsource bp Brazil has all the hallmarks of a country in which Lightsource BP can thrive. 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. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Read more about supporting local communities, Procurement agreement with US-based manufacturer. 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. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. (Loading)*. Solar-powered steel production from Lightsource bp's Bighorn Project in Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. We are using cookies to give you the best experience on our website. Procurement agreement with US-based manufacturer. Find out more about how Lightsource bp works and operates and our partnership with bp. Read story Prev 1 2 (Loading)*. Contact info@lightsourcebp.com SOCIAL RESOURCES In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. 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. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Report this post Report Report. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. 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 / (Loading), USD of 1 each. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. 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. 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. All rights reserved. Lightsource bp Renewable Energy Semiconductor Manufacturing . Construction on this project commenced in December 2019. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. BP will invest $200 million in Lightsource over three years for a 43% stake in the business.
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