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With smaller pockets, comes a different approach. 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. You can change your cookie settings at any time. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. 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. Lightsource bp to partner with Dourogs on green hydrogen projects - CNBC ()*, GBp Speaking about the future growth of Lightsource BP, Brooks says: Ive no doubt that we will be 10 to 15 times the size we are today in a decade. Dont underestimate the ambitions of the Lightsource BP team, he warns. Lightsource and BP Join Forces to Drive Growth in Solar Power Our team includes over 500 industry specialists, working across 15 countries. You can find out more about which cookies we are using or switch them off in settings. Assist in contract negotiation and. 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 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. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. 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. 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. Lightsource bp Places Multi-Year Order for 4 GW of First Solar Modules Contact info@lightsourcebp.com SOCIAL RESOURCES 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. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. 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. 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. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. The team is keen to get started in a country where solar is currently heavily underrepresented in the power generation mix but provides a cheaper, flexible, quick-to-deploy energy option that can be placed close to where the demand is. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. *Market data delayed by 20 minutes. of 1 each. 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. 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. 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. 8.3 MB. We use cookies to collect and analyse information on our site's performance and to enable the site to function. This website uses cookies so that we can provide you with the best user experience possible. 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,. Solar projects already meet BP's profit goals, Lightsource BP says * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. We are using cookies to give you the best experience on our website. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. November Lightsource bp turns 10 | News and insights | Home Annual report | Investors | Home - bp global 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. 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. Our sector is fundamentally about financing. Read story Prev 1 2 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. (), USD Read more about supporting local communities, Procurement agreement with US-based manufacturer. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. 2023 Lightsource. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Lightsource bp | What we do | Home - United States 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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 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. Find out more about us and how were working together to create a sustainable energy future for us all. You can find out more about which cookies we are using or switch them off in settings. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. All rights reserved. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. for the year ended 31 December 2021. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. All quotes delayed a minimum of 15 minutes. The full details of our Gender Pay Gap Report 2018can be found here. We are using cookies to give you the best experience on our website. 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: one year on and going global 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 . 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 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. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. of 25 cents each. Discover how we are creating a positive impact across energy, the environment and our people. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). Looking ahead to 2019, Souflis and Brooks are set to continue assessing opportunities together in multiple countries where Lightsource BP has no presence, at the moment, but where solar makes sense and where the BP name provides a strategic advantage. You can find out more about which cookies we are using or switch them off in settings. 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. Report this post Report Report. Global leader in responsible solar development | Lightsource bp US We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. 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. is the parent company of the bp group of companies. 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. 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 . 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. We work with businesses and communities around the world to deliver low-carbon solar energy projects. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. Lightsource bp launches Bighorn Solar project in Colorado - powering What the two companies have in common is a shared ambition to accelerate the global low carbon transition. The modules, scheduled. are on pages 282-336. We use cookies to make our services work and collect analytics information. Sustainability is integrated into our business strategy and operating model at every level. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. You can sign up for additional alert options at any time. 2018, The BP partnership has definitely given our whole team confidence. 2.2 MB. 382.4 KB, pdf / It, however, recorded an operating loss of 24.5 million pounds in 2019 compared with a 15 million pound loss a year earlier, as a result of higher investments in new projects. It is a key element in BP CEO Bernard Looneys plan to grow BPs renewable power generation capacity 20-fold by 2030 to 50 GW from solar and wind power. This website uses cookies so that we can provide you with the best user experience possible. Lightsource bp is an international solar business. We know many ways in which to finance projects and understand the market for financing very differently.. At Lightsource bp, weve been developing utility-scale solar projects since 2010. 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 / Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. 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. The companys primary share listing is the London Stock Exchange. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. 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. 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.. 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. 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. 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? 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. The Directors remuneration report is on pages 116-141. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 We are using cookies to give you the best experience on our website. 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 is a global leader in utility-scale solar development and management. 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. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. 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.. 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. 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. You can find out more about which cookies we are using or switch them off in settings. 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. farmers and ranchers face increasing economic stress. Lightsource bp Renewable Energy Semiconductor Manufacturing . Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. Lightsource bp is a global leader in utility-scale solar development and management. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. 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 . About Lightsource bp 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). What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. We are using cookies to give you the best experience on our website. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. These provide the basis for a common set of enduring objectives for bp as we transform the organization consistent with the long-term energy transition. 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. 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. 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 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 . This website uses cookies so that we can provide you with the best user experience possible. 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. It makes good business sense, too. For more information on bp in the US, visit www.bp.com/us. 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. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. You've rejected analytics cookies. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. 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. Read story 28 Feb, 2023 November:expansion into Italy, Iberia and Brazil is announced. Home | Lightsource bp You can change your cookie settings at any time. Owler Reports - Lightsource bp: Lightsource bp selling 1-GWp solar GBp BP are able to deliver more than just solar. 2023 Lightsource. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. BP and Lightsource announced the partnership in December. Ordinary shares are ordinary fully paid shares in BP p.l.c. 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. (Loading), USD Lightsource bp | LinkedIn ()*, GBp The development of our projects are underpinned by our core values, ethically focussed and climate conscious. Partnerships are a key part of our approach, enabling better and faster utilization of our network. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. 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. Group Results Fourth Quarter and Full Year 2019 Highlights. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 See here for a complete list of exchanges and delays. If you experience any issues with this process, please contact us for further assistance. 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. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. 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.