(), USD Home, Britoil, Lightsource BP, Llandarcy. 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. 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. 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. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. About First Solar, Inc. Brooks has a Winston Churchill quote in mind: Now, this is not the end. 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. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Legal notice in relation to the material on this page. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. 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. 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. Where we refer to the company, we mean BP p.l.c. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. 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). 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. And the next big steps are bigger projects and more volume. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). 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. These factors include, but are not limited to, the matters discussed under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations of our most recent Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q, as supplemented by our other filings with the Securities and Exchange Commission. Choose a career where you are empowered to change the world! 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 Renewable Energy Investments Limited. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. 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. Find out more about how Lightsource bp works and operates and our partnership with bp. Our success is built on more than just our solar projects. 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. 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. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. 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). 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. About bp Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. You must click the activation link in order to complete your subscription. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. Our Standards: The Thomson Reuters Trust Principles. We power businesses and communities across the US with clean and affordable energy solutions. 2023 Lightsource. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. In addition to its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and has previously announced plans to build a new 3.3GW factory in India that is expected to be commissioned in the second half of 2023. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. And, if youre confident, you can put your head down and deliver. You've rejected analytics cookies. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. 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. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. Our purpose is to deliver affordable and sustainable solar. The full details of our Gender Pay Gap Report 2018can be found here. From raw material sourcing and manufacturing through end-of-life module recycling, First Solars approach to technology embodies sustainability and a responsibility towards people and the planet. The BP partnership has definitely given our whole team confidence, Brooks says. You've accepted analytics cookies. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. 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. New Mexico Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. 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. 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. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 382.4 KB, pdf / The brand gives us a credibility that it would take 30 years to develop on our own. Oversee onboarding of new facilities. 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. 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. Lightsource bp pays for the first $800 of the monthly insurance premium. Lightsource BP is a British company with headquarters in London, and offices in Madrid, Milan, Athens, San Francisco, Philadelphia, Mumbai, New Delhi, Cairo, Melbourne, Amsterdam, Bath, Belfast and Dublin. In a statement Thursday, Lightsource bp which oil. November:contracts are signed for 25MW of solar power in Western US. 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, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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'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. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. Delivered by Investis. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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 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. 8.3 MB. Our team includes over 500 industry specialists, working across 15 countries. You can sign up for additional alert options at any time. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. 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. 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. 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. Our growth has been in maturing the organization and getting into a strong operating position for next year. 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. 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. GBp 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. 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 . Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. Doubling adjusted EBITDA, sustaining returns, focused on customers. After submitting your request, you will receive an activation email to the requested email address. Lightsource bp Renewable Energy Investments Limited. 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. 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. 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. 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. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing [email protected]. 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 . Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. Find out more about us and how were working together to create a sustainable energy future for us all. 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. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. 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.. bps finances are strong and resilient. 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. A year ago, Lightsource was the established solar leader in Europe. We have always been driven, and our partnership with BP is a great enabler. We represent the opposite of that.. BPs shares linger near 25-year lows after it halved its dividend in August. You can find out more about which cookies we are using or switch them off in settings. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. "Reliability is super-important, too this is a young industry, so its like a gold rush, with new players coming into the market who want to flip things quickly. Modern Slavery And Human Trafficking Statement. Report this post Report Report. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. We recognise that the rising need for energy must be met through sustainable sources. You should not place undue reliance on these forward-looking statements. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. 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. All rights reserved. Partnerships are a key part of our approach, enabling better and faster utilization of our network. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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.
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