Lightsource bp is a global leader in utility-scale solar development and management. is the parent company of the bp group of companies. Lightsource bp turns 10 | News and insights | Home 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Procurement agreement with US-based manufacturer. 2.2 MB. farmers and ranchers face increasing economic stress. We use cookies to collect and analyse information on our site's performance and to enable the site to function. You can find out more about which cookies we are using or switch them off in settings. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. 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. And, if youre confident, you can put your head down and deliver. Annual Gender Pay Gap Report Published in the UK | Lightsource bp Choose a career where you are empowered to change the world! 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. 264.7 KB. News & insights | Lightsource bp 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. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. Every region receives a tailored approach and is managed by a local team. Delivered by Investis. Lightsource and BP Join Forces to Drive Growth in Solar Power Ordinary shares are ordinary fully paid shares in BP p.l.c. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. LSbp's first site produced just 0.7 megawatts (MW) of solar power. 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. BP p.l.c. 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. If you experience any issues with this process, please contact us for further assistance. We continue to grow teams, partnerships and projects throughout the world. 260MW of affordable, clean and locally generated electricity for Texas communities. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. We power businesses and communities across the US with clean and affordable energy solutions. November 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. 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. 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 . BP International Limited ANNUAL REPORT and FINANCIAL First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. You can change your cookie settings at any time. Senior Manager O&M, United States - Lightsource bp - LinkedIn Lightsource bp is an international solar business. About Lightsource bp The goal was to take the UK-based business global and, one year on, the Lightsource BP partnership has more than doubled its footprint around the world and has just announced a move into renewables-friendly Brazil, where the market potential for solar is huge. 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. (), USD BP International Limited. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. We use cookies to make our services work and collect analytics information. Discover how we are creating a positive impact across energy, the environment and our people. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. Read story Prev 1 2 But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. That's enough to power approximately 86,000 homes in New South Wales. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. 2018, The BP partnership has definitely given our whole team confidence. Home | Lightsource bp Lightsource bp | What we do | Home - United States About bp We are using cookies to give you the best experience on our website. The deal on the Lightsource deal | News and insights | Home - bp global Lightsource bp Renewable Energy Semiconductor Manufacturing . 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. The great majority of this investment will fund Lightsource's. Sustainability is integrated into our business strategy and operating model at every level. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. 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. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. We recognise that the rising need for energy must be met through sustainable sources. 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 Places Multi-Year Order for 4 GW of First Solar Modules Lightsource Bp Renewable Energy Investments Limited You can change your cookie settings at any time. 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. Lightsource bp Closes Financing Package and Mobilizes Construction on You can find out more about which cookies we are using or switch them off in settings. 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. 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. 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. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . The full details of our Gender Pay Gap Report 2018can be found here. Lightsource bp launches Bighorn Solar project in Colorado - bp global 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. 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. 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. 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. You can sign up for additional alert options at any time. 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. 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. After submitting your request, you will receive an activation email to the requested email address. 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. 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. Lightsource bp launches Bighorn Solar project in Colorado - powering You should not place undue reliance on these forward-looking statements. 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 global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. All rights reserved. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. 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. You've accepted analytics cookies. Our sector is fundamentally about financing. Lightsource bp pays for the first $800 of the monthly insurance premium. 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 business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. Lightsource BP - the solar developer 50% owned by the oil supermajor - announced a more than doubling in growth ambitions backed by a $1.8bn finance package as it hailed "a shift in mindset from gigawatts to terawatts" by the global renewables sector. It is not even the beginning of the end. Brooks has a Winston Churchill quote in mind: Now, this is not the end. pdf / Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. Group Results Fourth Quarter and Full Year 2019 Highlights. Our purpose is to deliver affordable and sustainable solar. 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. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Report this post Report Report. Contact info@lightsourcebp.com SOCIAL RESOURCES To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. We are using cookies to give you the best experience on our website. Lightsource bp gets financing for massive Pointe - Business Report Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. 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. 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. 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. We know many ways in which to finance projects and understand the market for financing very differently.. Our team includes over 500 industry specialists, working across 15 countries. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Lightsource bp Signs Power Contract With Amazon for a New 375 Megawatt 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.. Back Submit . Lightsource bp and AEP Energy Partners Sign Power Contract for 188 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. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. (Loading)*. 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.. 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). 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. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. It is just the start for us in Latin America, Souflis adds. Legal notice in relation to the material on this page. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. You can find out more about which cookies we are using or switch them off in settings. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota Find out more about us and how were working together to create a sustainable energy future for us all. BP are able to deliver more than just solar. 8.3 MB. Weve made a number of new hires across the Group, and the number of women in higher paying roles has increased, which is something were very proud of. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. Solar-powered steel production from Lightsource bp's Bighorn Project in 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. 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. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. Lightsource bp Renewable Energy Investments Limited. Oversee onboarding of new facilities. A year ago, Lightsource was the established solar leader in Europe. 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. Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of investor@firstsolar.com In a statement Thursday, Lightsource bp which oil. 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. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. 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. Brazil is a massive market with huge potential. Actual results may differ materially from those expressed in such statements depending on a variety of factors. 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 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. Find out more about how Lightsource bp works and operates and our partnership with bp. Lightsource bp is a global leader in utility-scale solar development and management. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. 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. Construction on this project commenced in December 2019. 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. 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. Lightsource and bp celebrate five-year anniversary. 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. GBp Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Doubling adjusted EBITDA, sustaining returns, focused on customers. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. You can find out more about which cookies we are using or switch them off in settings. 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. 2023 Lightsource. 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. This website uses cookies so that we can provide you with the best user experience possible. November:contracts are signed for 25MW of solar power in Western 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. 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. 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. (Loading), USD "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. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. BP and Lightsource announced the partnership in December. 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? 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. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. Global leader in responsible solar development | Lightsource bp US Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. 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. We are using cookies to give you the best experience on our website. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions.

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