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. Choose a career where you are empowered to change the world! are on pages 282-336. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. Find out more about how Lightsource bp works and operates and our partnership with bp. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. 2023 Lightsource. 8.3 MB. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. Lightsource bp is a global leader with local impact. See here for a complete list of exchanges and delays. We continue to grow teams, partnerships and projects throughout the world. 2023 Lightsource. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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? 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. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. Brazil is a massive market with huge potential. 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,. Our purpose is to deliver affordable and sustainable solar. BATON ROUGE, La.-- ( BUSINESS WIRE )--Lightsource bp has successfully closed on a $533 million multi-project financing package and mobilized construction on its 345 megawatt (dc) Ventress Solar. You can change your cookie settings 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. 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. 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. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. You can sign up for additional alert options at any time. 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. GBp 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. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. We recognise that the rising need for energy must be met through sustainable sources. 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. 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. Actual results may differ materially from those expressed in such statements depending on a variety of factors. 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. About bp 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 Standards: The Thomson Reuters Trust Principles. Read more about supporting local communities, Procurement agreement with US-based manufacturer. 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, 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. As a business we care deeply about the impact of our projects, our culture and values, and our team members. Our team includes over 500 industry specialists, working across 15 countries. 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). Brazil has all the hallmarks of a country in which Lightsource BP can thrive. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. I started in this business six years ago, when we were just finding our feet in the UK and a few hundred megawatts seemed a big ambition. Ordinary shares are ordinary fully paid shares in BP p.l.c. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. New Mexico 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. 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. Helge Lund, chair Chair's letter pdf / 264.7 KB Our success is built on more than just our solar projects. You can find out more about which cookies we are using or switch them off in settings. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. 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. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie 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. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. 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. 2023 Lightsource. 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. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). The modules, scheduled. 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 in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. 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. All rights reserved. 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. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. BP p.l.c. 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. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. 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? BPs shares linger near 25-year lows after it halved its dividend in August. 382.4 KB, pdf / Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. 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). 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 . 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. 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 . Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. 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. investor@firstsolar.com What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. We use some essential cookies to make our services work. BP are able to deliver more than just solar. About First Solar, Inc. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. *Market data delayed by 20 minutes. The full details of our Gender Pay Gap Report 2018 can be found here. All rights reserved. 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. There is going to be a huge amount of capital flow into new business models, he predicts. 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. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. BP International Limited. 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. And, if youre confident, you can put your head down and deliver. 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. 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. 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. 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. 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. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. It is just the start for us in Latin America, Souflis adds. for the year ended 31 December 2021. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . All rights reserved. For more information on bp in the US, visit www.bp.com/us. Lightsource and bp celebrate five-year anniversary. 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. 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. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. In 2021 we started directly supplying customers in China with gas from liquefied natural gas (LNG) imported by bp, completing our first fully integrated gas value chain into the country. Post Online Media. 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 brand gives us a credibility that it would take 30 years to develop on our own. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. We represent the opposite of that.. 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. 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. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. Lightsource bp is an international solar business. 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. Delivered by Investis. 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. 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. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. 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. 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) Read story 28 Nov, 2022 COP 27: Meet the Lightsource bp delegation The rapid deployment of solar power on a vast scale is essential to limit global warming to 1.5C. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp is a global solar leader and 50:50 JV partner with bp, working with utilities, businesses, local communities and governments to help meet the rising demand for affordable, reliable and sustainable energy. 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. 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 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. 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. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. We use cookies to make our services work and collect analytics information. We are using cookies to give you the best experience on our website. Discover how we are creating a positive impact across energy, the environment and our people. 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 is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. 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. Lightsource bp Renewable Energy Investments Limited. Lightsource bp Renewable Energy Investments Limited. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. 2.2 MB. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. 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. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. A year ago, Lightsource was the established solar leader in Europe. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. 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. 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 RENEWABLE ENERGY INVESTMENTS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. With smaller pockets, comes a different approach. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. farmers and ranchers face increasing economic stress. 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. 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. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. November:contracts are signed for 25MW of solar power in Western US. ()*, GBp (Loading), USD 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. The BP partnership has definitely given our whole team confidence, Brooks says. Lightsource bp is a global leader in utility-scale solar development and management. 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.

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