lightsource bp annual report

Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. 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. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . It makes good business sense, too. BP International Limited. 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. 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. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. Ordinary shares are ordinary fully paid shares in BP p.l.c. 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. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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. 2018, The BP partnership has definitely given our whole team confidence. BP and Lightsource announced the partnership in December. 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. 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. 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. 2023 Lightsource. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. We are using cookies to give you the best experience on our website. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. 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. of 25 cents each. *Market data delayed by 20 minutes. 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. Every region receives a tailored approach and is managed by a local team. 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. 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. 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. 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 2001. We have always been driven, and our partnership with BP is a great enabler. Lightsource bp is a global leader with local impact. We know many ways in which to finance projects and understand the market for financing very differently.. You can find out more about which cookies we are using or switch them off in settings. The Material does not (i) form part of the bp Annual Report and, pdf / Lightsource BP starts operating massive solar project in North Texas From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. 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. 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. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. 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. 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. This website uses cookies so that we can provide you with the best user experience possible. 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. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. This website uses cookies so that we can provide you with the best user experience possible. With smaller pockets, comes a different approach. 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. You must click the activation link in order to complete your subscription. is the parent company of the bp group of companies. 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. High-grading our portfolio, lowering our emissions and driving returns. 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. It is not even the beginning of the end. The parent company financial statements of BP p.l.c. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. We power businesses and communities across the US with clean and affordable energy solutions. BP returns to solar with investment in Lightsource | Reuters Lightsource bp Renewable Energy Investments Limited. 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. Group Results Fourth Quarter and Full Year 2019 Highlights. pdf / ()*, GBp Helge Lund, chair Chair's letter pdf / 264.7 KB (Loading)*. We are using cookies to give you the best experience on our website. You've accepted analytics cookies. BP International Limited ANNUAL REPORT and FINANCIAL Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. News & insights | Lightsource bp At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. We are using cookies to give you the best experience on our website. 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. 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. Actual results may differ materially from those expressed in such statements depending on a variety of factors. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. The bp Annual Report and Form 20-F 2021 available for download on this webpage constitutes the Annual Report and Accounts in accordance with UK requirements and the Annual Report on Form 20-F in accordance with the US Securities Exchange Act of 1934, for BP p.l.c. Owler Reports - Lightsource bp: Lightsource bp selling 1-GWp solar Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. 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, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. See here for a complete list of exchanges and delays. 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.. We work with businesses and communities around the world to deliver low-carbon solar energy projects. Lightsource bp Renewable Energy Semiconductor Manufacturing . Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of 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. Legal notice in relation to the material on this page. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. 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. 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. 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. Report this post Report Report. Home | Lightsource bp 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. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. Lightsource bp | LinkedIn We are using cookies to give you the best experience on our website. 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. The brand gives us a credibility that it would take 30 years to develop on our own. "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. At Lightsource bp, weve been developing utility-scale solar projects since 2010. 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. After submitting your request, you will receive an activation email to the requested email address. Lightsource bp Signs Power Contract With Amazon for a New 375 Megawatt April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. 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. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. 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. 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. are on pages 282-336. 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.. You can find out more about which cookies we are using or switch them off in settings. 2023 Lightsource. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. 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. Oversee onboarding of new facilities. Our growth has been in maturing the organization and getting into a strong operating position for next year. (), USD Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. And, if youre confident, you can put your head down and deliver. Delivered by Investis. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. 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. 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? You can change your cookie settings at any time. For more information please visit www.lightsourcebp.com. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Where we refer to the company, we mean BP p.l.c. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 which is equivalent to the annual demand of approximately 36,000 New Zealand homes. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. The full details of our Gender Pay Gap Report 2018 can be found here. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Information in the bp Annual Report and Form 20-F 2021 reflects 100% of the assets and operations of the company and its subsidiaries that were consolidated at the date or for the periods indicated, including non-controlling interests. About First Solar, Inc. Lightsource bp turns 10 | News and insights | Home Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. It is just the start for us in Latin America, Souflis adds. All quotes delayed a minimum of 15 minutes. First Solar Investor Relations You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Solar-powered steel production from Lightsource bp's Bighorn Project in Here are some examples of how we performed in 2021. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. Solar projects already meet BP's profit goals, Lightsource BP says 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. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. You can sign up for additional alert options at any time. Find out more about our sustainability strategy and initatives. 382.4 KB, pdf / 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. Lightsource bp launches Bighorn Solar project in Colorado - powering Post Online Media. 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. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. 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. 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. November:expansion into Italy, Iberia and Brazil is announced. 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. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. 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. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. 260MW of affordable, clean and locally generated electricity for Texas communities. 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. 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.. Lightsource bp and bp have signed a multi-year agreement for up to 5.4 gigawatts of First Solar modules to be delivered between 2023 and 2025 (Photo: Lightsource bp) Order includes up to 4.3GW for . The Directors remuneration report is on pages 116-141. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. 8.3 MB. 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. (), USD 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. New Mexico 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. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. 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. Annual report | Investors | Home - bp global Our team includes over 500 industry specialists, working across 15 countries. Lightsource bp | What we do | Home - United States We recognise that the rising need for energy must be met through sustainable sources. 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. Brooks has a Winston Churchill quote in mind: Now, this is not the end.