lightsource bp annual report

"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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. We continue to grow teams, partnerships and projects throughout the world. Post Online Media. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. You must click the activation link in order to complete your subscription. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. (Loading)*. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. 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. 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 and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. 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. 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. And the next big steps are bigger projects and more volume. 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. For more information please visit www.lightsourcebp.com. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. 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. 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. farmers and ranchers face increasing economic stress. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana 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. Read more about supporting local communities, Procurement agreement with US-based manufacturer. The 260-megawatt Impact . 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. We use cookies to collect and analyse information on our site's performance and to enable the site to function. BP International Limited. We power businesses and communities across the US with clean and affordable energy solutions. Delivered by Investis. BPs shares linger near 25-year lows after it halved its dividend in August. 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. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. 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. 264.7 KB. Our sector is fundamentally about financing. 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. LSbp's first site produced just 0.7 megawatts (MW) of solar power. 8.3 MB. The Material may contain certain forward-looking statements, forecasts or projections with respect to the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. 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. Modern Slavery And Human Trafficking Statement. 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. Lightsource and bp celebrate five-year anniversary. 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. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. Lightsource bp is an international solar business. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. Lightsource bp is a global leader with local impact. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Procurement agreement with US-based manufacturer. is the parent company of the bp group of companies. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. The company and each of its subsidiaries are separate legal entities. *Market data delayed by 20 minutes. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. February 27, 2023. Construction on this project commenced in December 2019. Lightsource bp is a global leader in utility-scale solar development and management. 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.. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Our success is built on more than just our solar projects. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. Actual results may differ materially from those expressed in such statements depending on a variety of factors. Our Standards: The Thomson Reuters Trust Principles. 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. We use cookies to collect and analyse information on our site's performance and to enable the site to function. As we continue to grow and progress our 10GW development pipeline across America, in addition to our partner bps 9GWs, executing significant long-term procurement agreements with bankable, world class suppliers like First Solar enables us to deliver on our growth plans and industry-leading global target of 25GW of solar by 2025. 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. After submitting your request, you will receive an activation email to the requested email address. We are using cookies to give you the best experience on our website. All rights reserved. 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. 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. Lightsource BP, rebranded from Lightsource Renewable Energy in 2018, is the largest solar developer in Europe, and third largest in the world outside of China. Lightsource and bp celebrate five-year anniversary. November:expansion into Italy, Iberia and Brazil is announced. 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. November:contracts are signed for 25MW of solar power in Western US. 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 Renewable Energy Semiconductor Manufacturing . 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. 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. 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. 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. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. 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. 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. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. ()*, GBp You've rejected analytics cookies. 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 Renewable Energy Investments Limited. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. We represent the opposite of that.. investor@firstsolar.com which is equivalent to the annual demand of approximately 36,000 New Zealand homes. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. 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 Choose a career where you are empowered to change the world! It makes good business sense, too. 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). 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. This website uses cookies so that we can provide you with the best user experience possible. 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. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. 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. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. 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? But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. 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 . 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. ()*, GBp We work with businesses and communities around the world to deliver low-carbon solar energy projects. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . in 2001. All rights reserved. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . Assist in contract negotiation and. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. 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. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 2023 Lightsource. 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. This is where we come in. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. For more information on bp in the US, visit www.bp.com/us. 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 parent company financial statements of BP p.l.c. All rights reserved. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. The BP partnership has definitely given our whole team confidence, Brooks says. of 1 each. You can find out more about which cookies we are using or switch them off in settings. This landmark solar industry procurement deal is a testimony to Lightsource bps exponential growth in the United States, and our confidence in First Solars technology, said Kevin Smith, chief executive officer, Americas, Lightsource bp. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. We have always been driven, and our partnership with BP is a great enabler. 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.