bp is Americas largest energy investor since 2005, investing more than $130 billion in the economy and supporting about 230,000 additional jobs through its business activities. 2023 Lightsource. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. Interview with Emilie Wangerman, Senior VP, Head of Business You can change your cookie settings at any time. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Lightsource bp Closes Financing Package and Mobilizes Construction on Solar-powered steel production from Lightsource bp's Bighorn Project in 'Terawatts mindset' as Lightsource BP bags $1.8bn to double solar in 2001. Our success is built on more than just our solar projects. 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. The company and each of its subsidiaries are separate legal entities. A year ago, Lightsource was the established solar leader in Europe. 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. 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. Our team includes over 500 industry specialists, working across 15 countries. That's enough to power approximately 86,000 homes in New South Wales. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. 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. 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. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 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. The material on the bp Annual Report webpage (the Material) relates to the year ended 31 December 2021 and is provided for general information only. Lightsource BP: one year on and going global BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . November 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. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. 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. Lightsource bp is a global leader in utility-scale solar development and management. 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. Find out more about our sustainability strategy and initatives. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. 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. With smaller pockets, comes a different approach. 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. After submitting your request, you will receive an activation email to the requested email address. 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. Lightsource bp is an international solar business. Solar projects already meet BP's profit goals, Lightsource BP says Lightsource bp Renewable Energy Investments Limited. We know many ways in which to finance projects and understand the market for financing very differently.. The 260-megawatt Impact . 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. The BP partnership has definitely given our whole team confidence, Brooks says. 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. 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. Senior Manager O&M, United States - Lightsource bp - LinkedIn 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Group Results Fourth Quarter and Full Year 2019 Highlights. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. 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. Delivered by Investis. 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. 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. November:contracts are signed for 25MW of solar power in Western US. 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. All rights reserved. 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. You can change your cookie settings at any time. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. 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. 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. All rights reserved. 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. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. Choose a career where you are empowered to change the world! Lightsource bp Renewable Energy Investments Limited. 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. Report this post Report Report. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. Read story 28 Feb, 2023 As a business we care deeply about the impact of our projects, our culture and values, and our team members. 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. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. 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 . of 1 each. Lightsource bp Renewable Energy Investments Limited. Lightsource bp is an international solar business. They have a combination of technologies that effectively allows them to deliver for customers in different jurisdictions. ($1 = 0.7660 pounds) (Reporting by Ron Bousso; editing by Emelia Sithole-Matarise). But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. Lightsource BP - Wikipedia farmers and ranchers face increasing economic stress. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. We use some essential cookies to make our services work. GBp Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. 2023 Lightsource. New Mexico 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. (), USD This drives our commitment and continued effort to integrate sustainable business practices into everything we do. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. 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. About bp 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. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 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. 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. 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. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. Lightsource bp Renewable Energy Semiconductor Manufacturing . 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 . BP are able to deliver more than just solar. This website uses cookies so that we can provide you with the best user experience possible. 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. Home, Britoil, Lightsource BP, Llandarcy. The great majority of this investment will fund Lightsource's. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. Doubling adjusted EBITDA, sustaining returns, focused on customers. 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. It makes good business sense, too. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Actual results may differ materially from those expressed in such statements depending on a variety of factors.