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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. Construction on this project commenced in December 2019. Lightsource bp gets financing for massive Pointe - Business Report 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. (Loading), USD The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. (Loading)*. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Lightsource bp Signs Power Contract With Amazon for a New 375 Megawatt (Loading)*. 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. 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. The parent company financial statements of BP p.l.c. You can find out more about which cookies we are using or switch them off in settings. We use cookies to make our services work and collect analytics information. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. November:expansion into Italy, Iberia and Brazil is announced. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. We are using cookies to give you the best experience on our website. We are using cookies to give you the best experience on our website. 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. This website uses cookies so that we can provide you with the best user experience possible. 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. You can find out more about which cookies we are using or switch them off in settings. Lightsource bp launches Bighorn Solar project in Colorado - bp global Find out more about our sustainability strategy and initatives. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Read more about supporting local communities, Procurement agreement with US-based manufacturer. About First Solar, Inc. 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. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. High-grading our portfolio, lowering our emissions and driving returns. All rights reserved. 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 . 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. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . 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. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota 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. 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. We know many ways in which to finance projects and understand the market for financing very differently.. Building scale with capital discipline and returns focus. About bp 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. For First Solar Investors Lightsource bp Renewable Energy Investments Limited. Delivered by Investis. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. for the year ended 31 December 2021. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. *Market data delayed by 20 minutes. Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. Brooks has a Winston Churchill quote in mind: Now, this is not the end. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. 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. Our team includes over 500 industry specialists, working across 15 countries. Lightsource and bp celebrate five-year anniversary. 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,. You must click the activation link in order to complete your subscription. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. ()*, GBp Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. 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. 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. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. 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. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. For more information please visit www.lightsourcebp.com. Lightsource BP - Wikipedia See here for a complete list of exchanges and delays. All rights reserved. For more information on bp in the US, visit www.bp.com/us. are on pages 282-336. 260MW of affordable, clean and locally generated electricity for Texas communities. At Lightsource bp, weve been developing utility-scale solar projects since 2010. 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. The deal on the Lightsource deal | News and insights | Home - bp global Lightsource bp | LinkedIn farmers and ranchers face increasing economic stress. Sustainability is integrated into our business strategy and operating model at every level. BP International Limited ANNUAL REPORT and FINANCIAL Developed at R&D labs in California and Ohio, the companys advanced thin film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon PV panels. Lightsource bp Closes Financing Package and Mobilizes Construction on 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. LSbp's first site produced just 0.7 megawatts (MW) of solar power. The Directors remuneration report is on pages 116-141. 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 . You can change your cookie settings at any time. pdf / in 2001. The new facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the companys Northwest Ohio footprint to a total annual capacity of 6GW, which is believed to make it the largest fully vertically integrated solar manufacturing complex outside of China. We have always been driven, and our partnership with BP is a great enabler. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. Lightsource bp Renewable Energy Semiconductor Manufacturing . About Lightsource bp Read story Prev 1 2 It is a key element in BP CEO Bernard Looneys plan to grow BPs renewable power generation capacity 20-fold by 2030 to 50 GW from solar and wind power. 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. We recognise that the rising need for energy must be met through sustainable sources. Lightsource bp Renewable Energy Investments Limited. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Lightsource bp Renewable Energy Investments Limited. 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 / Our purpose is to deliver affordable and sustainable solar. The companys primary share listing is the London Stock Exchange. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. 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. The brand gives us a credibility that it would take 30 years to develop on our own. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. Partnerships are a key part of our approach, enabling better and faster utilization of our network. 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. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. 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. 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. Solar projects already meet BP's profit goals, Lightsource BP says We work with businesses and communities around the world to deliver low-carbon solar energy projects. Lightsource bp to partner with Dourogs on green hydrogen projects - CNBC 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. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. 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. 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. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. Lightsource BP: one year on and going global 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. 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. Helge Lund, chair Chair's letter pdf / 264.7 KB 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. Procurement agreement with US-based manufacturer. 2.2 MB. *Market data delayed by 20 minutes. 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. 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. 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 Renewable Energy Investments Limited Oversee onboarding of new facilities. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. 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. Senior Manager O&M, United States - Lightsource bp - LinkedIn Actual results may differ materially from those expressed in such statements depending on a variety of factors. 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. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. We are using cookies to give you the best experience on our website. With smaller pockets, comes a different approach. Lightsource and BP Join Forces to Drive Growth in Solar Power This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world.