(), USD (Loading), USD Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. 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. 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 is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. of 1 each. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. You can sign up for additional alert options at any time. 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. You can find out more about which cookies we are using or switch them off in settings. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. All rights reserved. 'Terawatts mindset' as Lightsource BP bags $1.8bn to double solar 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 | LinkedIn 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 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 Directors remuneration report is on pages 116-141. Home | Lightsource bp BP International Limited. BP are able to deliver more than just solar. 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 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. 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. 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. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. Sustainability is at our core. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. 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). Find out more about us and how were working together to create a sustainable energy future for us all. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. Lightsource and BP Join Forces to Drive Growth in Solar Power Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. 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. Construction on this project commenced in December 2019. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. Brazil is a massive market with huge potential. Lightsource BP: one year on and going global We represent the opposite of that.. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. After submitting your request, you will receive an activation email to the requested email address. Brooks has a Winston Churchill quote in mind: Now, this is not the end. Our team includes over 500 industry specialists, working across 15 countries. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie 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. 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. These factors include, but are not limited to, the matters discussed under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations of our most recent Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q, as supplemented by our other filings with the Securities and Exchange Commission. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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 is a global leader in utility-scale solar development and management. of 25 cents each. Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. We are using cookies to give you the best experience on our website. Post Online Media. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. 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. 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. For more information, please visit www.firstsolar.com. BP International Limited ANNUAL REPORT and FINANCIAL 382.4 KB, pdf / 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, rebranded from Lightsource Renewable Energy in 2018, is the largest solar developer in Europe, and third largest in the world outside of China. The deal on the Lightsource deal | News and insights | Home - bp global All rights reserved. The BP partnership has definitely given our whole team confidence, Brooks says. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. There is going to be a huge amount of capital flow into new business models, he predicts. This website uses cookies so that we can provide you with the best user experience possible. (Loading), USD * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. 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. 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. And the next big steps are bigger projects and more volume. 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. Home, Britoil, Lightsource BP, Llandarcy. 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. Lightsource bp Renewable Energy Semiconductor Manufacturing . Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. 2023 Lightsource. Our Standards: The Thomson Reuters Trust Principles. 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.. You can find out more about which cookies we are using or switch them off in settings. 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. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. Our team includes over 500 industry specialists, working across 15 countries. pdf / Lightsource BP - Wikipedia Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. 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? Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. With smaller pockets, comes a different approach. Read more about supporting local communities, Procurement agreement with US-based manufacturer. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana 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. 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. 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. 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. 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. 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. 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 / The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 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. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Read story Prev 1 2 November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. Lightsource bp gets financing for massive Pointe - Business Report BPs shares linger near 25-year lows after it halved its dividend in August. Choose a career where you are empowered to change the world! 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. Owler Reports - Lightsource bp: Lightsource bp selling 1-GWp solar 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. Lightsource and bp celebrate five-year anniversary. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. 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. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. 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. We have always been driven, and our partnership with BP is a great enabler. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. You can find out more about which cookies we are using or switch them off in settings. 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. See here for a complete list of exchanges and delays. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. We power businesses and communities across the US with clean and affordable energy solutions. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. The brand gives us a credibility that it would take 30 years to develop on our own. 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. If you experience any issues with this process, please contact us for further assistance. "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. 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 continue to grow teams, partnerships and projects throughout the world. February 27, 2023. 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. 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 . 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. The modules, scheduled. November:contracts are signed for 25MW of solar power in Western US. Lightsource bp Renewable Energy Investments Limited. 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. for the year ended 31 December 2021. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. 2023 Lightsource. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. 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 unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 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. 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. 'The potential for solar is huge': future looks bright for Lightsource BP 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. 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. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. 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. 264.7 KB. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. Lightsource bp and bp Sign Multi-Year Agreement for up to Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. The parent company financial statements of BP p.l.c. 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. All rights reserved. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. 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. Choose a career where you are empowered to change the world! , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. 2023 Lightsource. Our growth has been in maturing the organization and getting into a strong operating position for next year. 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,.
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