Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. 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. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. 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. Lightsource and bp celebrate five-year anniversary. LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity for the year ended 31 December 2021. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. Sustainability is integrated into our business strategy and operating model at every level. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. About Lightsource bp *Market data delayed by 20 minutes. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. 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 and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana All quotes delayed a minimum of 15 minutes. 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 . What the two companies have in common is a shared ambition to accelerate the global low carbon transition. 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. Post Online Media. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. 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. We recognise that the rising need for energy must be met through sustainable sources. 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. 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. 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. 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 represent the opposite of that.. Our most recent Annual Report and Form 20-F is available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov SOURCE BP PLC . This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. (Loading)*. Lightsource bp pays for the first $800 of the monthly insurance premium. 264.7 KB. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. 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. investor@firstsolar.com As a business we care deeply about the impact of our projects, our culture and values, and our team members. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. The company and each of its subsidiaries are separate legal entities. Our sector is fundamentally about financing. In a statement Thursday, Lightsource bp which oil. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. 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. 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). bps finances are strong and resilient. You can sign up for additional alert options at any time. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. GBp Were looking at assets in some parts of Europe that definitely offer double digit returns and we are also looking at assets in other parts of the world that are lower than that, he told Reuters in an interview this month. This website uses cookies so that we can provide you with the best user experience possible. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. 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. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. All rights reserved. We work with businesses and communities around the world to deliver low-carbon solar energy projects. 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. Actual results may differ materially from those expressed in such statements depending on a variety of factors. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. This is where we come in. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). Assist in contract negotiation and. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. 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. 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. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. The full details of our Gender Pay Gap Report 2018 can be found here. 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. Construction on this project commenced in December 2019. Brazil is a massive market with huge potential. The great majority of this investment will fund Lightsource's. "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. 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. 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 on bp in the US, visit www.bp.com/us. 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 . Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. LSbp's first site produced just 0.7 megawatts (MW) of solar power. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. 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. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. With smaller pockets, comes a different approach. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. The modules, scheduled. Lightsource BP, a global solar company in which oil major BP has a 50 percent stake, has begun commercial operation of its largest solar project located in North Texas. 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. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. 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). of 1 each. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. 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. 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. High-grading our portfolio, lowering our emissions and driving returns. Lightsource bp Renewable Energy Investments Limited. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 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. You can find out more about which cookies we are using or switch them off in settings. 2023 Lightsource. 2018, The BP partnership has definitely given our whole team confidence. 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 bp Renewable Energy Investments Limited. Our growth has been in maturing the organization and getting into a strong operating position for next year. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Together with our 50:50 joint venture partner bp, we are reimagining energy and enacting real change on the energy landscape, not just in the USA, but all over the world. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. 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. 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. 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 use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. See here for a complete list of exchanges and delays. 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. BP are able to deliver more than just solar. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. Helge Lund, chair Chair's letter pdf / 264.7 KB Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. 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,. Lightsource bp Renewable Energy Semiconductor Manufacturing . Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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. 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. 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. 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. You can change your cookie settings at any time. is the parent company of the bp group of companies. 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 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. 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. 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. BP International Limited. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. The companys primary share listing is the London Stock Exchange. 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. Find out more about us and how were working together to create a sustainable energy future for us all. BP p.l.c. You should not place undue reliance on these forward-looking statements. 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. 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. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. are on pages 282-336. In August 2021 Lightsource bp signed a new power purchase agreement with McDonald's and eBay for a 345MW solar project under development in Louisiana. 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. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. We continue to grow teams, partnerships and projects throughout the world. After submitting your request, you will receive an activation email to the requested email address. 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 Directors remuneration report is on pages 116-141. 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. 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. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. 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. It is just the start for us in Latin America, Souflis adds. in 2001. The parent company financial statements of BP p.l.c. 2023 Lightsource. 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 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. Modern Slavery And Human Trafficking Statement. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. Ordinary shares are ordinary fully paid shares in BP p.l.c. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . 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. pdf / Find out more about our sustainability strategy and initatives. 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?
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