Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our purpose is to deliver affordable and sustainable solar. 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. The modules, scheduled. Lightsource and bp celebrate five-year anniversary. This website uses cookies so that we can provide you with the best user experience possible. 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. 2.2 MB. Read story 28 Feb, 2023 farmers and ranchers face increasing economic stress. Led by Emilie Wangerman, Lightsource bp's business development team supported bp in acquiring an additional 9 GW pipeline of projects from 7X Energy, Inc., which will be exclusively developed by Lightsource bp's U.S. team. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. With smaller pockets, comes a different approach. All rights reserved. This is where we come in. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. 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. 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. 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 . 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. Our ability to help our customers manage these risks by providing long-term firm pricing and supply commitments, backed by First Solars reputation, is a key differentiator. Delivered by Investis. 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. You can find out more about which cookies we are using or switch them off in settings. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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. There is going to be a huge amount of capital flow into new business models, he predicts. 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. 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. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. 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, 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. 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 company and each of its subsidiaries are separate legal entities. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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). New Mexico What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. We recognise that the rising need for energy must be met through sustainable sources. 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 February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. All rights reserved. High-grading our portfolio, lowering our emissions and driving returns. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. LSbp's first site produced just 0.7 megawatts (MW) of solar power. investor@firstsolar.com 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. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. Read story Prev 1 2 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. 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.. (Loading)*. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. 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. 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. 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. The full details of our Gender Pay Gap Report 2018can be found here. If you experience any issues with this process, please contact us for further assistance. 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. Ordinary shares are ordinary fully paid shares in BP p.l.c. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. Modern Slavery And Human Trafficking Statement. 2023 Lightsource. Every region receives a tailored approach and is managed by a local team. 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. 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. 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. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. pdf / 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. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. Despite this years impressive results, were not complacent well continue working hard to make sure that equality and fairness is at the heart of our company policies and practices. Lightsource bp Renewable Energy Semiconductor Manufacturing . We power businesses and communities across the US with clean and affordable energy solutions. 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. Procurement agreement with US-based manufacturer. 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. Actual results may differ materially from those expressed in such statements depending on a variety of factors. 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. 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. 260MW of affordable, clean and locally generated electricity for Texas communities. 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. November:contracts are signed for 25MW of solar power in Western US. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. bps finances are strong and resilient. Read more about supporting local communities, Procurement agreement with US-based manufacturer. 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. But many BP investors have cast doubts over BPs vow that the renewables business could generate returns of 8% to 10%, higher than the sectors average of 5% to 6% in order to maintain and even grow shareholder payouts. All rights reserved. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. We are using cookies to give you the best experience on our website. (Loading), USD December 2022 marks five years since bp and Lightsource entered into a partnership to become Lightsource bp a 50:50 joint venture between the companies. Our Standards: The Thomson Reuters Trust Principles. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. ()*, GBp We continue to grow teams, partnerships and projects throughout the world. 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. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. 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. Lightsource bp Renewable Energy Investments Limited. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. After submitting your request, you will receive an activation email to the requested email address. 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. Legal notice in relation to the material on this page. Oversee onboarding of new facilities. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. All rights reserved. BP p.l.c. 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. This website uses cookies so that we can provide you with the best user experience possible. Group Results Fourth Quarter and Full Year 2019 Highlights. BP are able to deliver more than just solar. 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. Find out more about how Lightsource bp works and operates and our partnership with bp. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . Lightsource bp Renewable Energy Investments Limited. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. Lightsource bp is a global leader in utility-scale solar development and management. 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.. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. in 2001. 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. bp acquired the projects as part of its net zero ambition and target to grow its net developed renewable generating capacity to 20GW by 2025 and 50GW by 2030. You've accepted analytics cookies. 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.

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