All rights reserved. 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. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. New Mexico The project will be the largest solar project in the state and will help McDonald's and eBay meet their sustainability goals and advance their commitment to climate action. 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. 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. BP undoubtedly lends its global scale, built up over more than a century, to the partnership, opening doors and sharing its knowledge of operating in territories covering the US, India, Europe and the Middle East. BP International Limited ANNUAL REPORT and FINANCIAL The 260-megawatt Impact . You've accepted analytics cookies. In addition to its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and has previously announced plans to build a new 3.3GW factory in India that is expected to be commissioned in the second half of 2023. High-grading our portfolio, lowering our emissions and driving returns. At Lightsource BP we firmly believe in the importance of a diverse, supportive, equality-driven work force, and were proud of everything weve done to create one. 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 opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. You can find out more about which cookies we are using or switch them off in settings. Lightsource BP starts operating massive solar project in North Texas 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. 2023 Lightsource. 'The potential for solar is huge': future looks bright for Lightsource BP 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. You can change your cookie settings at any time. 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. We represent the opposite of that.. Lightsource bp, a 50:50 joint venture with bp, unveiled the solar project that will help reduce emissions and support more than 1,000 jobs at EVRAZ's Pueblo steel mill - the world's first steel mill to be powered largely by solar energy. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. of 25 cents each. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. 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 . 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. Solar projects already meet BP's profit goals, Lightsource BP says We have always been driven, and our partnership with BP is a great enabler. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. Lightsource bp | LinkedIn Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. We use cookies to collect and analyse information on our site's performance and to enable the site to function. In March 2016, Lightsource Renewable Energy successfully completed and connected Europes largest floating solar farm, installing 6.3MW on the Queen Elizabeth II Reservoir, near London. 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. Back Submit . Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. 2018, The BP partnership has definitely given our whole team confidence. All rights reserved. Read story 28 Feb, 2023 (Loading), USD 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. That's enough to power approximately 86,000 homes in New South Wales. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. Lightsource bp Signs Power Contract With Amazon for a New 375 Megawatt Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. 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. Post Online Media. Assist in contract negotiation and. After submitting your request, you will receive an activation email to the requested email address. Legal notice in relation to the material on this page. Our Standards: The Thomson Reuters Trust Principles. is the parent company of the bp group of companies. ()*, GBp 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. 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. In a statement Thursday, Lightsource bp which oil. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. 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. London-based Lightsource BP, which is half-owned by oil major BP and will mark its 10th anniversary later this year, has rapidly grown around the world in recent years and aims to reach 10 gigawatt (GW) of solar capacity by 2023 from a current 2 GW . Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. Partnerships are a key part of our approach, enabling better and faster utilization of our network. Ordinary shares are ordinary fully paid shares in BP p.l.c. Lightsource and bp celebrate five-year anniversary. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. (), USD The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. Actual results may differ materially from those expressed in such statements depending on a variety of factors. Lightsource BP - Wikipedia For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. 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. There is going to be a huge amount of capital flow into new business models, he predicts. 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. For more information, please visit www.firstsolar.com. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. (Loading)*. in 2001. 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. 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. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. 382.4 KB, pdf / "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 First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. 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 and Lightsource announced the partnership in December. ()*, GBp Lightsource bp Renewable Energy Investments Limited. We are using cookies to give you the best experience on our website. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. Where we refer to the company, we mean BP p.l.c. LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity Construction on this project commenced in December 2019. We use cookies to collect and analyse information on our site's performance and to enable the site to function. BP p.l.c. Our growth has been in maturing the organization and getting into a strong operating position for next year. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 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. Lightsource bp is an international solar business. 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. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. We are using cookies to give you the best experience on our website. Since late 2017, the team has developed a pipeline of more than 10 gigawatts of large-scale solar projects at various stages of development across the United States with over 2.8 gigawatts of contracted assets with clients in 11 states representing more than $2.3 billion in expected investment. GBp Our success is built on more than just our solar projects. November:contracts are signed for 25MW of solar power in Western US. 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. Global leader in responsible solar development | Lightsource bp US 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. The BP partnership has definitely given our whole team confidence, Brooks says. 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. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. Annual Gender Pay Gap Report Published in the UK | Lightsource bp Lightsource BP, like rivals including Frances Total , sees further opportunities for profits from selling solar and wind power projects it had developed from early stages. 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. 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. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. We are using cookies to give you the best experience on our website. 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. 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. As we continue to grow and progress our 10GW development pipeline across America, in addition to our partner bps 9GWs, executing significant long-term procurement agreements with bankable, world class suppliers like First Solar enables us to deliver on our growth plans and industry-leading global target of 25GW of solar by 2025. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 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. Helge Lund, chair Chair's letter pdf / 264.7 KB 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. 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. 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? This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Looking ahead to 2019, Souflis and Brooks are set to continue assessing opportunities together in multiple countries where Lightsource BP has no presence, at the moment, but where solar makes sense and where the BP name provides a strategic advantage. 2023 Lightsource. And, if youre confident, you can put your head down and deliver. It is just the start for us in Latin America, Souflis adds. for the year ended 31 December 2021. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. Lightsource bp is an international solar business. 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. Lightsource bp Places Multi-Year Order for 4 GW of First Solar Modules We power businesses and communities across the US with clean and affordable energy solutions. Report this post Report Report. 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. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. 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. (), USD Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. We power businesses and communities across the US with clean and affordable energy solutions. 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. 8.3 MB. LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED, for LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED (09494479), (of the document filed at Companies House), Companies House does not verify the accuracy of the information filed. Modern Slavery And Human Trafficking Statement. 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. Interview with Emilie Wangerman, Senior VP, Head of Business Sustainability is at our core. Building scale with capital discipline and returns focus. 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 are using cookies to give you the best experience on our website. Lightsource bp is a global leader with local impact. Lightsource bp launches Bighorn Solar project in Colorado - powering Brazil is a massive market with huge potential. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. 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 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. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. We use cookies to make our services work and collect analytics information. Lightsource bp launches Bighorn Solar project in Colorado - powering pdf / The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. November:expansion into Italy, Iberia and Brazil is announced. 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. 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. Procurement agreement with US-based manufacturer. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota For more information please visit www.lightsourcebp.com. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. 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. The team is keen to get started in a country where solar is currently heavily underrepresented in the power generation mix but provides a cheaper, flexible, quick-to-deploy energy option that can be placed close to where the demand is. The company and each of its subsidiaries are separate legal entities. 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. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. Senior Manager O&M, United States - Lightsource bp - LinkedIn Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. 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. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. This website uses cookies so that we can provide you with the best user experience possible. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! Home, Britoil, Lightsource BP, Llandarcy. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . Lightsource bp and AEP Energy Partners Sign Power Contract for 188 If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Group Results Fourth Quarter and Full Year 2019 Highlights. The companys primary share listing is the London Stock Exchange. A year ago, Lightsource was the established solar leader in Europe. We are using cookies to give you the best experience on our website. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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 a year earlier, according to the companys annual report filed this week. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. Lightsource bp Renewable Energy Investments Limited. 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. Lightsource BP: one year on and going global Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. 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.