Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. All rights reserved. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. 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. Construction on this project commenced in December 2019. 2023 Lightsource. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. 2.2 MB. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. February 27, 2023. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. You've accepted analytics cookies. LSbp's first site produced just 0.7 megawatts (MW) of solar power. In a statement Thursday, Lightsource bp which oil. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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. There is going to be a huge amount of capital flow into new business models, he predicts. 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. This website uses cookies so that we can provide you with the best user experience possible. After submitting your request, you will receive an activation email to the requested email address. About bp Our team includes over 500 industry specialists, working across 15 countries. 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. 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. 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. We know many ways in which to finance projects and understand the market for financing very differently.. 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. 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. Contact info@lightsourcebp.com SOCIAL RESOURCES 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. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. 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. (Loading), USD 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. To obtain a hard printed copy of BP's 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. Discover how we are creating a positive impact across energy, the environment and our people. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. We recognise that the rising need for energy must be met through sustainable sources. 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. for the year ended 31 December 2021. Lightsource bp is a global leader with local impact. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. 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. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. investor@firstsolar.com The Directors statements (comprising the Statement of directors responsibilities; Risk management and internal control; Longer-term viability; Going concern; and Fair, balanced and understandable), the independent auditors report on the annual report and accounts to the members of BP p.l.c., the parent company financial statements of BP p.l.c. 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. 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 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. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. 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. 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. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. Group Results Fourth Quarter and Full Year 2019 Highlights. You've rejected analytics cookies. Read more about supporting local communities, Procurement agreement with US-based manufacturer. Our purpose is to deliver affordable and sustainable solar. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. We continue to grow teams, partnerships and projects throughout the world. You can find out more about which cookies we are using or switch them off in settings. 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. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . 382.4 KB, pdf / Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. 2023 Lightsource. 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. 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. 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. 264.7 KB. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. 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. GBp November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. GBp 2018, The BP partnership has definitely given our whole team confidence. 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. 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 Renewable Energy Investments Limited. pdf / BP <BP.L> is getting back into solar power six years after its first, failed foray, with a $200 million investment in solar generator Lightsource that the oil and gas firm expects will deliver . 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? Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. 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. See here for a complete list of exchanges and delays. 2023 Lightsource. November:contracts are signed for 25MW of solar power in Western US. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. 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. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. It is an existing key geography for BP, too, and we already are seeing huge opportunity, says Vlasios Souflis, Lightsource BPs international business development director, who is heading up this latest market entry into Latin America. 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. Legal notice in relation to the material on this page. We are using cookies to give you the best experience on our website. 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. We represent the opposite of that.. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. 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. Oversee onboarding of new facilities. Ordinary shares are ordinary fully paid shares in BP p.l.c. All rights reserved. You can sign up for additional alert options at any time.
Information Technology Manager