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. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. Lightsource BP: one year on and going global 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. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. Post Online Media. For First Solar Investors 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. 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. Discover how we are creating a positive impact across energy, the environment and our people. All rights reserved. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. Lightsource bp is a global leader with local impact. 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. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. You can change your cookie settings at any time. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. Read story Prev 1 2 About bp Lightsource bp | LinkedIn 382.4 KB, pdf / Lightsource bp Places Multi-Year Order for 4 GW of First Solar Modules Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. 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 bp is an international solar business. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. Lightsource BP starts operating massive solar project in North Texas "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. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. 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. 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. This website uses cookies so that we can provide you with the best user experience possible. February 27, 2023. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of solar projects and power sales to our clients. Read story 28 Feb, 2023 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. Lightsource bp pays for the first $800 of the monthly insurance premium. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Every region receives a tailored approach and is managed by a local team. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. In a statement Thursday, Lightsource bp which oil. 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. 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. First Solar, Inc. (NASDAQ: FSLR) today announced that global solar leader, Lightsource bp has placed an order for 4 gigawatts (GW)DC of advanced thin film solar modules. 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. 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. Lightsource bp is a global leader in utility-scale solar development and management. 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). You can find out more about which cookies we are using or switch them off in settings. 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. After submitting your request, you will receive an activation email to the requested email address. News & insights | Lightsource bp 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. Our purpose is to deliver affordable and sustainable solar. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. There is going to be a huge amount of capital flow into new business models, he predicts. 264.7 KB. 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. 'Terawatts mindset' as Lightsource BP bags $1.8bn to double solar Oil and gas will remain BPs largest source of income over the coming decade which will help pay for the shift to low-carbon energy. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. 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. LSbp's first site produced just 0.7 megawatts (MW) of solar power. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. Our approach has always been to attract, select and retain the right person for each position, regardless of gender, sexuality, personal beliefs, identity and ethnicity. Procurement agreement with US-based manufacturer. 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 . Partnerships are a key part of our approach, enabling better and faster utilization of our network. Solar projects already meet BP's profit goals, Lightsource BP says November 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. 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. This is where we come in. pdf / July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. (), USD Delivered by Investis. Our Standards: The Thomson Reuters Trust Principles. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Lightsource bp Closes Financing Package and Mobilizes Construction on which is equivalent to the annual demand of approximately 36,000 New Zealand homes. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. We use cookies to make our services work and collect analytics information. 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. 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. 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. 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. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. You can sign up for additional alert options at any time. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. 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. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. 2023 Lightsource. 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. 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. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. Lightsource bp Renewable Energy Semiconductor Manufacturing . 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. Delivered by Investis. Lightsource bp and bp Sign Multi-Year Agreement for up to Lightsource bp launches Bighorn Solar project in Colorado - powering The 260-megawatt Impact . The parent company financial statements of BP p.l.c. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new 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. 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. Group Results Fourth Quarter and Full Year 2019 Highlights. 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. 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. 2.2 MB. 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. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana 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 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. Contact info@lightsourcebp.com SOCIAL RESOURCES Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. 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. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. 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. 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. 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. Doubling adjusted EBITDA, sustaining returns, focused on customers. 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. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . You can find out more about which cookies we are using or switch them off in settings. 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. 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 <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 . Ordinary shares are ordinary fully paid shares in BP p.l.c. You can find out more about which cookies we are using or switch them off in settings. the Role of Oil and Gas, Sustainability Report 2020 Sustainability at Bp 2020 at a Glance Our Foundations Our Focus Areas Embedding Sustainability External Collaborations Our Reporting, Parent Company Financial Statements of BP P.L.C, DID YOU KNOW? August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. 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. We continue to grow teams, partnerships and projects throughout the world. 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. 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. GBp (Loading)*. 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. 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. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. of 1 each. For more information, please visit www.firstsolar.com. It is not even the beginning of the end. We are using cookies to give you the best experience on our website. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. 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. of 25 cents each. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. All rights reserved. BP returns to solar with investment in Lightsource | Reuters Lightsource bp | What we do | Home - United States We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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've rejected analytics cookies. We recognise that the rising need for energy must be met through sustainable sources. 2005 BP Alternative Energy Is Launched, from the Deep Sea to the Desert, from Rigs to Retail, Charging Company, Energy with Purpose Means Helping the World Reach Net Zero, BP Plc Group Results Second Quarter and Half Year 2020(A), Exxon Mobil Corp., Exxonmobil Oil Index No, The Forces Maintaining Fossil Fuel Dependence in the Age of Electric, Financial Institutions with a Full Business Law Service, BP P.L.C. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. The framework agreements, the largest in First Solars history, will provide modules scheduled to be delivered between 2023 and 2025 to support the companies solar development pipelines in the United States. 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. 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. 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. 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. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. The modules, scheduled. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. We use cookies to collect and analyse information on our site's performance and to enable the site to function. The companys primary share listing is the London Stock Exchange. 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. That's enough to power approximately 86,000 homes in New South Wales. 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. Back Submit . 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. 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. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . 8.3 MB. 260MW of affordable, clean and locally generated electricity for Texas communities. Read more about supporting local communities, Procurement agreement with US-based manufacturer. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. 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. This website uses cookies so that we can provide you with the best user experience possible. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. You've accepted analytics cookies. 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. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. Interview with Emilie Wangerman, Senior VP, Head of Business November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Brooks has a Winston Churchill quote in mind: Now, this is not the end. 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. 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. Energy Outlook 2023 considers the recent disruption to global energy supplies and associated impacts on global prices, and explores how this could affect the energy transition out to 2050. Find out more about us and how were working together to create a sustainable energy future for us all. in 2001. for the year ended 31 December 2021. We have always been driven, and our partnership with BP is a great enabler. Our success is built on more than just our solar projects. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects.
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