lightsource bp annual report

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. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . 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. Every region receives a tailored approach and is managed by a local team. We are using cookies to give you the best experience on our website. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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). 2023 Lightsource. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. Lightsource bp is a global leader with local impact. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. 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. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. That's enough to power approximately 86,000 homes in New South Wales. Lightsource bp Renewable Energy Investments Limited. In a statement Thursday, Lightsource bp which oil. All rights reserved. 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. 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. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. As the first person on the ground when entering a new territory, he has found that, over the past year, the BP name has opened a lot of doors. 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. We are using cookies to give you the best experience on our website. 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. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. of 1 each. Ordinary shares are ordinary fully paid shares in BP p.l.c. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). 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. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. 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. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. 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. 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. As a leading global solar developer and bp partner, we are rapidly scaling-up to help meet the rising demand for reliable electricity, while supporting the global energy transition to net zero. 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. 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. 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.. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. Our purpose is to deliver affordable and sustainable solar. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. 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. Our Standards: The Thomson Reuters Trust Principles. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. 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 solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. These forward-looking statements include, but are not limited to, statements concerning (i) the framework agreement to supply up to 5.4 gigawatts (GW)DC of solar modules to bp and Lightsource bp, (ii) an MoU with bp and Lightsource bp to explore opportunities to source solar electricity from generation assets owned by the two companies in the United States, (iii) First Solars plans to establish new factories in the United States and India and the expected capacities of those factories, and (iv) when those factories will commence operations and the companys resulting global manufacturing footprint. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. The BP partnership has definitely given our whole team confidence, Brooks says. farmers and ranchers face increasing economic stress. You can change your cookie settings at any time. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. November:contracts are signed for 25MW of solar power in Western US. 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.. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. 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. For more information on bp in the US, visit www.bp.com/us. As a business we care deeply about the impact of our projects, our culture and values, and our team members. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. 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. You can change your cookie settings at any time. We work with businesses and communities around the world to deliver low-carbon solar energy projects. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. 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. For more information please visit www.lightsourcebp.com. 2018, The BP partnership has definitely given our whole team confidence. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. GBp We power businesses and communities across the US with clean and affordable energy solutions. 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. You can find out more about which cookies we are using or switch them off in settings. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. Lightsource bp and bp will benefit from the evolution of First Solars advanced Cadmium Telluride (CadTel) thin film module technology platform over the span of the agreement. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. 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. GBp If you experience any issues with this process, please contact us for further assistance. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 2.2 MB. With smaller pockets, comes a different approach. 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. 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. 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. 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. *Market data delayed by 20 minutes. 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. 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. 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? A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. High-grading our portfolio, lowering our emissions and driving returns. Our team includes over 500 industry specialists, working across 15 countries. Lightsource and bp celebrate five-year anniversary. 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. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. 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. The Material may contain certain forward-looking statements, forecasts or projections with respect to the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. (Loading), USD 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). 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. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. Lightsource bp is a global leader in utility-scale solar development and management. We have always been driven, and our partnership with BP is a great enabler. is the parent company of the bp group of companies. Our growth has been in maturing the organization and getting into a strong operating position for next year. 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? Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. (Loading)*. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. 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. The company and each of its subsidiaries are separate legal entities. 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. BP p.l.c. (Loading), USD 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. 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 find out more about which cookies we are using or switch them off in settings. Where we refer to the company, we mean BP p.l.c. 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 / We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Lightsource bp is an international solar business. 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. You should not place undue reliance on these forward-looking statements. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. Delivered by Investis. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. Lightsource bp Renewable Energy Investments Limited. Sustainability is at our core. 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. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. It sees further profit opportunities from BPs large power trading business, which can offer customers power from various sources such as solar, wind or natural gas. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. The full details of our Gender Pay Gap Report 2018can be found here. November Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. Find out more about us and how were working together to create a sustainable energy future for us all. All rights reserved. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. 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. For more information, please visit www.firstsolar.com. 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. 382.4 KB, pdf / Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. These forward-looking statements are often characterized by the use of words such as estimate, expect, anticipate, project, plan, intend, seek, believe, forecast, foresee, likely, may, should, goal, target, might, will, could, predict, continue and the negative or plural of these words and other comparable terminology. 2023 Lightsource. of 25 cents each. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. The parent company financial statements of BP p.l.c. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. November:expansion into Italy, Iberia and Brazil is announced. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. 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. 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. About Lightsource bp 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 You can find out more about which cookies we are using or switch them off in settings. BP International Limited. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 Report this post Report Report. 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. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 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. 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. It is not even the beginning of the end. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. Lightsource bp Renewable Energy Investments Limited. And, if youre confident, you can put your head down and deliver. 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. After submitting your request, you will receive an activation email to the requested email address. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. 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. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. 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. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. 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. 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. It is just the start for us in Latin America, Souflis adds. BP undoubtedly lends its global scale, built up over more than a century, to the partnership, opening doors and sharing its knowledge of operating in territories covering the US, India, Europe and the Middle East. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Find out more about how Lightsource bp works and operates and our partnership with bp. Contact info@lightsourcebp.com SOCIAL RESOURCES Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. BPs shares linger near 25-year lows after it halved its dividend in August. 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. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. 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 . 260MW of affordable, clean and locally generated electricity for Texas communities. 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. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. 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. You've rejected analytics cookies. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. Find out more about our sustainability strategy and initatives. This website uses cookies so that we can provide you with the best user experience possible. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030.

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