Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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. For more information please visit www.lightsourcebp.com. 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. Lightsource bp | What we do | Home - United States 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.. Here are some examples of how we performed in 2021. See here for a complete list of exchanges and delays. Read story Prev 1 2 2018, The BP partnership has definitely given our whole team confidence. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. 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 parent company financial statements of BP p.l.c. Weve just released our second annual Gender Pay Gap Report, which covers our gender differences in terms of population, pay and bonus levels from March 2017 to March 2018. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. 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. 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. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. You can find out more about which cookies we are using or switch them off in settings. Owler Reports - Lightsource bp: Lightsource bp selling 1-GWp solar Group Results Fourth Quarter and Full Year 2019 Highlights. 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. For more information, please visit www.firstsolar.com. Lightsource bp Renewable Energy Semiconductor Manufacturing . The US solar industry is at an important inflection point where it must continue the charge towards delivering 45% of our countrys electricity by 2050 while addressing the risks and uncertainty posed by increasingly volatile solar panel production, pricing, and supply, said Georges Antoun, chief commercial officer, First Solar. And the next big steps are bigger projects and more volume. 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. 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. 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. You can find out more about which cookies we are using or switch them off in settings. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. 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. Delivered by Investis. Sustainability is integrated into our business strategy and operating model at every level. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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. *Market data delayed by 20 minutes. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. 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. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. 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. 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. This website uses cookies so that we can provide you with the best user experience possible. Lightsource BP starts operating massive solar project in North Texas Lightsource bp Renewable Energy Investments Limited. 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. Oversee onboarding of new facilities. 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. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. for the year ended 31 December 2021. Lightsource bp gets financing for massive Pointe - Business Report Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. Please refer to the Cautionary statement on page 364 of the full bp Annual Report and Form 20-F 2021 for further information on forward-looking statements. You can change your cookie settings at any time. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. Lightsource bp pays for the first $800 of the monthly insurance premium. If you experience any issues with this process, please contact us for further assistance. 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. Lightsource bp Signs Power Contract With Amazon for a New 375 Megawatt Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. Legal notice in relation to the material on this page. 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. 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. The full details of our Gender Pay Gap Report 2018 can be found here. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 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. 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. 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. of 25 cents each. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. The brand gives us a credibility that it would take 30 years to develop on our own. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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 . We use cookies to collect and analyse information on our site's performance and to enable the site to function. bps finances are strong and resilient. Choose a career where you are empowered to change the world! 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. 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. BP returns to solar with investment in Lightsource | Reuters Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. 2023 Lightsource. Lightsource and bp celebrate five-year anniversary. Our purpose is to deliver affordable and sustainable solar. 2023 Lightsource. 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? 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. 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 will invest $200 million in Lightsource over three years for a 43% stake in the business. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. 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,. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. 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. 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. 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.. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota Lightsource BP, like rivals including Frances Total , sees further opportunities for profits from selling solar and wind power projects it had developed from early stages. Discover how we are creating a positive impact across energy, the environment and our people. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. 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 Closes Financing Package and Mobilizes Construction on Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. You can sign up for additional alert options at any time. 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. November:expansion into Italy, Iberia and Brazil is announced. Every region receives a tailored approach and is managed by a local team. It makes good business sense, too. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. It sees further profit opportunities from BPs large power trading business, which can offer customers power from various sources such as solar, wind or natural gas. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). Modern Slavery And Human Trafficking Statement. Ordinary shares are ordinary fully paid shares in BP p.l.c. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. 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. You've accepted analytics cookies. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The 260-megawatt Impact . The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Lightsource Bp Renewable Energy Investments Limited 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. ()*, GBp 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. We are using cookies to give you the best experience on our website. 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. 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. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. This website uses cookies so that we can provide you with the best user experience possible. As a business we care deeply about the impact of our projects, our culture and values, and our team members. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! 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.
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