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. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 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 anniversary of BP's investment in Europe's largest solar developer is coinciding with its announcement of expansion into Brazil, the latest step in the company's growing global footprint As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europe's largest solar developer. 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. 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 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. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. 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. 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. 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. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. 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. You can change your cookie settings at any time. 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. For more information on bp in the US, visit www.bp.com/us. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. 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. Post Online Media. GBp We work with businesses and communities around the world to deliver low-carbon solar energy projects. 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? Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. See here for a complete list of exchanges and delays. 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 goal was to take the UK-based business global and, one year on, the Lightsource BP partnership has more than doubled its footprint around the world and has just announced a move into renewables-friendly Brazil, where the market potential for solar is huge. In a statement Thursday, Lightsource bp which oil. November:contracts are signed for 25MW of solar power in Western US. ()*, GBp 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. 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. You can sign up for additional alert options at any time. in 2001. All rights reserved. November We are using cookies to give you the best experience on our website. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. 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. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. *Market data delayed by 20 minutes. All rights reserved. High-grading our portfolio, lowering our emissions and driving returns. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. 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. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. It makes good business sense, too. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. 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. 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. About First Solar, Inc. We power businesses and communities across the US with clean and affordable energy solutions. of 1 each. You can change your cookie settings at any time. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. 2018, The BP partnership has definitely given our whole team confidence. At Lightsource bp, weve been developing utility-scale solar projects since 2010. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. To obtain a hard printed copy of bps 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. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Lightsource bp Renewable Energy Investments Limited. (Loading), USD 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. All rights reserved. You can find out more about which cookies we are using or switch them off in settings. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . Sustainability is at our core. 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 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 . 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. The BP partnership has definitely given our whole team confidence, Brooks says. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. 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. First Solar Investor Relations 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. Read story Prev 1 2 2023 Lightsource. Lightsource bp Renewable Energy Investments Limited. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. You must click the activation link in order to complete your subscription. This is where we come in. 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. 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. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. Actual results may differ materially from those expressed in such statements depending on a variety of factors. We power businesses and communities across the US with clean and affordable energy solutions. 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. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. 2.2 MB. farmers and ranchers face increasing economic stress. We represent the opposite of that.. 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. We have always been driven, and our partnership with BP is a great enabler. Home, Britoil, Lightsource BP, Llandarcy. About 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). 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 / Lightsource bp today announced it has closed on a $533 million multiproject financing package for its 345-megawatt Ventress Solar project 30 miles northwest of Baton Rouge in Pointe Coupee Parish. This website uses cookies so that we can provide you with the best user experience possible. We are using cookies to give you the best experience on our website. You can find out more about which cookies we are using or switch them off in settings. 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. 264.7 KB. Our sector is fundamentally about financing. 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. A year ago, Lightsource was the established solar leader in Europe. 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. Where we refer to the company, we mean BP p.l.c. 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. (Loading)*. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. Our gigawatt-approach to solar provides many benefits to our partners worldwide by leveraging economies of scale, ethical and sustainable procurement, and continuous improvement on quality and efficiency. Procurement agreement with US-based manufacturer. 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 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. 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. 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. The parent company financial statements of BP p.l.c. You can find out more about which cookies we are using or switch them off in settings. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 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. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. 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. 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 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. Lightsource bp is a global leader with local impact. Lightsource bp Renewable Energy Semiconductor Manufacturing . Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. The modules, scheduled. New Mexico That's enough to power approximately 86,000 homes in New South Wales. 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. Find out more about us and how were working together to create a sustainable energy future for us all. This website uses cookies so that we can provide you with the best user experience possible. And the next big steps are bigger projects and more volume. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. 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. 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 . All rights reserved. Back Submit . 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. Assist in contract negotiation and. 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 . 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. 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. As the first person on the ground when entering a new territory, he has found that, over the past year, the BP name has opened a lot of doors. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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.
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