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 . 602-414-9315, Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of First Solar Modules, Western Hemispheres largest solar manufacturing footprint. Sustainability is integrated into our business strategy and operating model at every level. Choose a career where you are empowered to change the world! LSbp's first site produced just 0.7 megawatts (MW) of solar power. We continue to grow teams, partnerships and projects throughout the world. Modern Slavery And Human Trafficking Statement. Solar-powered steel production from Lightsource bp's Bighorn Project in Lightsource BP starts operating massive solar project in North Texas 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. 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. Partnerships are a key part of our approach, enabling better and faster utilization of our network. 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. 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. 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. All rights reserved. 'The potential for solar is huge': future looks bright for Lightsource BP 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. 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 is a global leader with local impact. 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. 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. *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. 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. (Loading)*. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. GBp 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 . Lightsource bp Closes Financing Package and Mobilizes Construction on 2023 Lightsource. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. 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. Where we refer to the company, we mean 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. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. Global leader in responsible solar development | Lightsource bp US Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 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. 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. 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. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. 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, rebranded from Lightsource Renewable Energy in 2018, is the largest solar developer in Europe, and third largest in the world outside of China. BP International Limited. We power businesses and communities across the US with clean and affordable energy solutions. 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? The Material does not (i) form part of the bp Annual Report and, pdf / DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Lightsource and bp celebrate five-year anniversary. 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. 'Terawatts mindset' as Lightsource BP bags $1.8bn to double solar Brooks has a Winston Churchill quote in mind: Now, this is not the end. 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.. Our team includes over 500 industry specialists, working across 15 countries. BP International Limited ANNUAL REPORT and FINANCIAL 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. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. About Lightsource bp This website uses cookies so that we can provide you with the best user experience possible. 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. 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. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. Lightsource and BP Join Forces to Drive Growth in Solar Power Home, Britoil, Lightsource BP, Llandarcy. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. Choose a career where you are empowered to change the world! Lightsource bp to partner with Dourogs on green hydrogen projects - CNBC of 25 cents each. Lightsource and bp celebrate five-year anniversary. Were delighted that bp and Lightsource bp have placed their trust in us and our technology to help power their growth in the United States.. Discover how we are creating a positive impact across energy, the environment and our people. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. 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. We work with businesses and communities around the world to deliver low-carbon solar energy projects. 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 We recognise that the rising need for energy must be met through sustainable sources. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. pdf / Lightsource bp Financials | Craft.co Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. (), USD farmers and ranchers face increasing economic stress. Home | Lightsource bp Lightsource bp is a global leader in utility-scale solar development and management. This website uses cookies so that we can provide you with the best user experience possible. Our Standards: The Thomson Reuters Trust Principles. 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. 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. 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. 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. 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. Oversee onboarding of new facilities. 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. Lightsource BP - Wikipedia 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? 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. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 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 represent the opposite of that.. Delivered by Investis. 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. 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. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Solar projects already meet BP's profit goals, Lightsource BP says 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. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. 2023 Lightsource. We are using cookies to give you the best experience on our website. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. ()*, GBp Home - Lightsource bp is the parent company of the bp group of companies. 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. 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. Group Results Fourth Quarter and Full Year 2019 Highlights. You can find out more about which cookies we are using or switch them off in settings. News & insights | Lightsource bp 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . Solar projects already meet BP's profit goals, Lightsource BP says Lightsource BP: one year on and going global Back Submit . 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. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. *Market data delayed by 20 minutes. There is going to be a huge amount of capital flow into new business models, he predicts. The brand gives us a credibility that it would take 30 years to develop on our own. The Directors remuneration report is on pages 116-141. You've rejected analytics cookies. 8.3 MB. February 27, 2023. November:expansion into Italy, Iberia and Brazil is announced. The modules, scheduled. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. 2018, The BP partnership has definitely given our whole team confidence. Designed and developed at its research and development (R&D) centers in California and Ohio, First Solars responsibly produced advanced thin film PV modules set industry benchmarks for quality, durability, reliability, design, and environmental performance. 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. 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. 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. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! Lightsource bp is an international solar business. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. 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.