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. 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. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. This website uses cookies so that we can provide you with the best user experience possible. 2.2 MB. The company and each of its subsidiaries are separate legal entities. 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. 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. 382.4 KB, pdf / 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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.. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. And the next big steps are bigger projects and more volume. All rights reserved. We know many ways in which to finance projects and understand the market for financing very differently.. The brand gives us a credibility that it would take 30 years to develop on our own. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. This website uses cookies so that we can provide you with the best user experience possible. 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 . 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. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . What the two companies have in common is a shared ambition to accelerate the global low carbon transition. November:contracts are signed for 25MW of solar power in Western US. (Loading), USD pdf / 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. Find out more about how Lightsource bp works and operates and our partnership with bp. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. Here are some examples of how we performed in 2021. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. Led by Emilie Wangerman, Lightsource bp's business development team supported bp in acquiring an additional 9 GW pipeline of projects from 7X Energy, Inc., which will be exclusively developed by Lightsource bp's U.S. team. We are using cookies to give you the best experience on our website. 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. 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. Brooks has a Winston Churchill quote in mind: Now, this is not the end. Lightsource bp Renewable Energy Investments Limited. 8.3 MB. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. Oversee onboarding of new facilities. BP are able to deliver more than just solar. New Mexico Read story 28 Feb, 2023 Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. The material on the bp Annual Report webpage (the Material) relates to the year ended 31 December 2021 and is provided for general information only. That's enough to power approximately 86,000 homes in New South Wales. 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. 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. "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. Sustainability is integrated into our business strategy and operating model at every level. bps finances are strong and resilient. 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. 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. You've accepted analytics cookies. A year ago, Lightsource was the established solar leader in Europe. 2023 Lightsource. 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. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. 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. 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. 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. investor@firstsolar.com Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. You can sign up for additional alert options at any time. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. 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. 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. 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. 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. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. 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. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . 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. farmers and ranchers face increasing economic stress. 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. Lightsource and bp celebrate five-year anniversary. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. 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. 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. Our Standards: The Thomson Reuters Trust Principles. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. 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. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. Contact info@lightsourcebp.com SOCIAL RESOURCES Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. And this week, Lightsource BP announces its presence in Brazil, meaning the business is now active in 10 countries up from just five only a year ago. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. We work with businesses and communities around the world to deliver low-carbon solar energy projects. All quotes delayed a minimum of 15 minutes. 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 . 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. All rights reserved. 260MW of affordable, clean and locally generated electricity for Texas communities. of 1 each. 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. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. You should not place undue reliance on these forward-looking statements. GBp First Solar Investor Relations 2023 Lightsource. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. 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. See here for a complete list of exchanges and delays. There is going to be a huge amount of capital flow into new business models, he predicts. You can find out more about which cookies we are using or switch them off in settings. 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. 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. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. We are using cookies to give you the best experience on our website. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. 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,. Delivered by Investis. At Lightsource bp, weve been developing utility-scale solar projects since 2010. We continue to grow teams, partnerships and projects throughout the world. We are using cookies to give you the best experience on our website. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. This is where we come in. 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 not even the beginning of the end. LONDON, Oct 22 (Reuters) - Solar power developer Lightsource BP has generated returns of 10% and more on projects, its chief executive told Reuters as investors fret over joint owner BPs plan to switch away from oil and gas to renewables. Lightsource bp is an international solar business. We represent the opposite of that.. We have always been driven, and our partnership with BP is a great enabler. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. You must click the activation link in order to complete your subscription. Our sector is fundamentally about financing. 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. Actual results may differ materially from those expressed in such statements depending on a variety of factors. 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.. 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). 2023 Lightsource. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. 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. BPs shares linger near 25-year lows after it halved its dividend in August. We power businesses and communities across the US with clean and affordable energy solutions. We recognise that the rising need for energy must be met through sustainable sources. The BP partnership has definitely given our whole team confidence, Brooks says. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents.

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