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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? Read story 28 Feb, 2023 8.3 MB. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. Lightsource bp Renewable Energy Semiconductor Manufacturing . Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. 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 BP - Wikipedia 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. It also translates into competitively priced electricity for our customers., Felipe Arbelaez, bps senior vice president of zero carbon energy, added: To help reach our net zero ambition and develop 50GW of renewable power by the end of this decade, we continue to invest in clean, reliable energy in the US. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. You can find out more about which cookies we are using or switch them off in settings. 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. 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. 2023 Lightsource. 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. This website uses cookies so that we can provide you with the best user experience possible. When I think about how weve grown as a company, its very, very different to just adding megawatts we have also added great talent and continued to mature and innovate for clients and other stakeholders to stay ahead of the competition, says Brooks. We use cookies to make our services work and collect analytics information. The full details of our Gender Pay Gap Report 2018 can be found here. 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. 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. Find out more about us and how were working together to create a sustainable energy future for us all. In addition to the multi-year module sales agreement, First Solar also signed a memorandum of understanding (MoU) to explore opportunities to source electricity from generation assets developed, owned and operated by Lightsource bp in Ohio, where First Solar operates the Western Hemispheres largest solar manufacturing footprint. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. About Lightsource bp 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. 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. 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. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. 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. After all, 2017 was also the year in which renewable power grew by almost 20% higher than the 10-year average led by solar energy. Lightsource BP starts operating massive solar project in North Texas is the parent company of the bp group of companies. Lightsource bp Financials | Craft.co 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. Report this post Report Report. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. You've accepted analytics cookies. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. 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. Lightsource bp is an international solar business. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. 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. High-grading our portfolio, lowering our emissions and driving returns. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. 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. 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. That's enough to power approximately 86,000 homes in New South Wales. 2.2 MB. for the year ended 31 December 2021. This is where we come in. The great majority of this investment will fund Lightsource's. 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. Senior Manager O&M, United States - Lightsource bp - LinkedIn 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. 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.. of 25 cents each. 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. 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. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. For more information on bp in the US, visit www.bp.com/us. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. About First Solar, Inc. 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. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. Ordinary shares are ordinary fully paid shares in BP p.l.c. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. 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. Lightsource bp is an international solar business. 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. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. We work with businesses and communities around the world to deliver low-carbon solar energy projects. Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. Our sector is fundamentally about financing. The parent company financial statements of BP p.l.c. 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. We use some essential cookies to make our services work. Our growth has been in maturing the organization and getting into a strong operating position for next year. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. Lightsource bp Closes Financing Package and Mobilizes Construction on 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. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. In 1910, the steel mill, then known as The Colorado Fuel and Iron Company, employed approximately 15,000 people, or about one-tenth of the entire Colorado workforce, according to the Colorado Encyclopedia and later was the . November:expansion into Italy, Iberia and Brazil is announced. Assist in contract negotiation and. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. All rights reserved. 2023 Lightsource. 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. You can find out more about which cookies we are using or switch them off in settings. of 1 each. Our team includes over 500 industry specialists, working across 15 countries. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. BPs shares linger near 25-year lows after it halved its dividend in August. 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. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . Lightsource bp | LinkedIn Solar projects already meet BP's profit goals, Lightsource BP says Lightsource bp pays for the first $800 of the monthly insurance premium. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. 2018, The BP partnership has definitely given our whole team confidence. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. 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. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. LSbp's first site produced just 0.7 megawatts (MW) of solar power. This website uses cookies so that we can provide you with the best user experience possible. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. 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. The full details of our Gender Pay Gap Report 2018can be found here. 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. 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. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . 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. And, if youre confident, you can put your head down and deliver. Delivered by Investis. investor@firstsolar.com About bp 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. Lightsource bp is a global leader in utility-scale solar development and management. Brazil is a massive market with huge potential. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. 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. Global leader in responsible solar development | Lightsource bp US Procurement agreement with US-based manufacturer. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. Lightsource BP: one year on and going global The brand gives us a credibility that it would take 30 years to develop on our own. Lightsource bp is a global leader with local impact. As the company's shares, in the form of ADSs, are listed on the NYSE, an Annual Report on Form 20-F is filed with the SEC. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. All rights reserved. The Material does not (i) form part of the bp Annual Report and, pdf / But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. After submitting your request, you will receive an activation email to the requested email address. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. For more information please visit www.lightsourcebp.com. You can find out more about which cookies we are using or switch them off in settings. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. The ability to bring base load is something that a trading operation like BPs can deliver, Lightsource BP chief operating officer and co-founder Kareen Boutonnat said. 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. 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. Lightsource bp Renewable Energy Investments Limited. We power businesses and communities across the US with clean and affordable energy solutions. You can sign up for additional alert options at any time. You've rejected analytics cookies. are on pages 282-336. Lightsource bp Places Multi-Year Order for 4 GW of First Solar Modules 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. 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?
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