Annual report | Investors | Home - bp global The full details of our Gender Pay Gap Report 2018can be found here. Solar-powered steel production from Lightsource bp's Bighorn Project in All rights reserved. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. 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. (Loading), USD 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. 260MW of affordable, clean and locally generated electricity for Texas communities. 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. 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. 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 bp is a global leader in utility-scale solar development and management. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. (), USD Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. The 260-megawatt Impact . You've rejected analytics cookies. The parent company financial statements of BP p.l.c. For more information on bp in the US, visit www.bp.com/us. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. The Directors remuneration report is on pages 116-141. 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. Our success is built on more than just our solar projects. Discover how we are creating a positive impact across energy, the environment and our people. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. 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. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. pdf / Find out more about us and how were working together to create a sustainable energy future for us all. You can find out more about which cookies we are using or switch them off in settings. bps finances are strong and resilient. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. 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. The brand gives us a credibility that it would take 30 years to develop on our own. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. 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 modules, scheduled. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. We continue to grow teams, partnerships and projects throughout the world. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. High-grading our portfolio, lowering our emissions and driving returns. At Lightsource bp, weve been developing utility-scale solar projects since 2010. 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. Read more about supporting local communities, Procurement agreement with US-based manufacturer. 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. 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. Lightsource BP, rebranded from Lightsource Renewable Energy in 2018, is the largest solar developer in Europe, and third largest in the world outside of China. for the year ended 31 December 2021. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. Home, Britoil, Lightsource BP, Llandarcy. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. 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. (), USD 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. 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. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. 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. We use cookies to collect and analyse information on our site's performance and to enable the site to function. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. (Loading)*. 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. 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. 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. Lightsource bp Renewable Energy Semiconductor Manufacturing . You can find out more about which cookies we are using or switch them off in settings. 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. About bp 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. 2.2 MB. BPs shares linger near 25-year lows after it halved its dividend in August. 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. Lightsource BP - Wikipedia If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Lightsource and bp celebrate five-year anniversary. 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. Assist in contract negotiation and. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. For First Solar Investors Lightsource bp Renewable Energy Investments Limited. Lightsource bp to partner with Dourogs on green hydrogen projects - CNBC Contact info@lightsourcebp.com SOCIAL RESOURCES 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. 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. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. Partnerships are a key part of our approach, enabling better and faster utilization of our network. Lightsource bp Financials | Craft.co farmers and ranchers face increasing economic stress. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. 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. Find out more about how Lightsource bp works and operates and our partnership with bp. Home | Lightsource bp Helge Lund, chair Chair's letter pdf / 264.7 KB Our team includes over 500 industry specialists, working across 15 countries. Lightsource bp gets financing for massive Pointe - Business Report First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. 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. 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. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. investor@firstsolar.com
To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. 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. Annual Gender Pay Gap Report Published in the UK | Lightsource bp Brooks has a Winston Churchill quote in mind: Now, this is not the end. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. BP International Limited. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. Lightsource bp launches Bighorn Solar project in Colorado - bp global As a business we care deeply about the impact of our projects, our culture and values, and our team members. Group Results Fourth Quarter and Full Year 2019 Highlights. It is just the start for us in Latin America, Souflis adds. of 25 cents each. 264.7 KB. Lightsource bp is a global leader in utility-scale solar development and management. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana This website uses cookies so that we can provide you with the best user experience possible. 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. ()*, GBp 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. 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 . Lightsource bp is an international solar business. 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. A year ago, Lightsource was the established solar leader in Europe. Lightsource bp Renewable Energy Investments Limited. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995.