Find out more about how Lightsource bp works and operates and our partnership with bp. 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 / COLUMBUS, Ohio-- ( BUSINESS WIRE )--Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon's. 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. New Mexico Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 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. We build, own and operate cost-effective, clean energy projects, and are dedicated to pushing the frontiers of solar and storage solutions, backed by world-class execution capabilities. (), USD 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. We continue to grow teams, partnerships and projects throughout the world. 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. (), USD 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. investor@firstsolar.com 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 Read story Prev 1 2 BP and Lightsource announced the partnership in December. Delivered by Investis. This is exactly the type of energy we want to develop and deliver as we continue to build out our renewable pipeline and ultimately strengthen confidence in our target of delivering 20GW of developed renewables by 2025.. ()*, GBp Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. You should not place undue reliance on these forward-looking statements. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. For more information on bp in the US, visit www.bp.com/us. 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. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. Were looking at assets in some parts of Europe that definitely offer double digit returns and we are also looking at assets in other parts of the world that are lower than that, he told Reuters in an interview this month. 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 Directors remuneration report is on pages 116-141. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. Read story 28 Feb, 2023 We know many ways in which to finance projects and understand the market for financing very differently.. The previous year, we reported a gap of 1.2% in favour of men (compared to the UK mean, which was 17.4% according to ONS), and this year our mean gender pay gap is 6%, in favour of women. It is not even the beginning of the end. 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. 382.4 KB, pdf / 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. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. 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. Doubling adjusted EBITDA, sustaining returns, focused on customers. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. The BP partnership has definitely given our whole team confidence, Brooks says. 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. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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. of 25 cents each. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. 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. 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. We are using cookies to give you the best experience on our website. TEMPE, Ariz., Nov. 22, 2021 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) today announced that global solar leader Lightsource bp and integrated energy company bp have placed multi-year orders for up to 5.4 gigawatts (GW) combined of First Solars advanced, ultra-low carbon thin film photovoltaic (PV) solar modules. are on pages 282-336. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. Our Standards: The Thomson Reuters Trust Principles. Post Online Media. You can sign up for additional alert options at any time. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. Find out more about our sustainability strategy and initatives. 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. 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. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. About bp The former Goldman Sachs principal and investor went from finance to an operating business because: I have an enormous personal conviction about the energy transition and the ability to have a real impact.. 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. 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. 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. 8.3 MB. 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. All quotes delayed a minimum of 15 minutes. Home, Britoil, Lightsource BP, Llandarcy. 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. 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. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. We use some essential cookies to make our services work. (Loading)*. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. 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. These factors include, but are not limited to, the matters discussed under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations of our most recent Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q, as supplemented by our other filings with the Securities and Exchange Commission. 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. 2023 Lightsource. I joined when it was just six people huddled around two laptops, and from that first moment the ethos was clear, 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). We represent the opposite of that.. 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. You can change your cookie settings at any time. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. 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. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. 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. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. 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 . 2.2 MB. 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. The 260-megawatt Impact . 2023 Lightsource. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. 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. (Loading), USD 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 is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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 ability to bring base load is something that a trading operation like BPs can deliver, Lightsource BP chief operating officer and co-founder Kareen Boutonnat said. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. pdf / But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Lightsource bp is an international solar business. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Helge Lund, chair Chair's letter pdf / 264.7 KB farmers and ranchers face increasing economic stress. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. 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 Renewable Energy Investments Limited. Find out more about us and how were working together to create a sustainable energy future for us all. 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. Lightsource bp is a global leader in utility-scale solar development and management. It makes good business sense, too. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. High-grading our portfolio, lowering our emissions and driving returns. Sustainability is integrated into our business strategy and operating model at every level. Actual results may differ materially from those expressed in such statements depending on a variety of factors. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. Brooks has a Winston Churchill quote in mind: Now, this is not the end. Our growth has been in maturing the organization and getting into a strong operating position for next year. 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. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. 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. All rights reserved. 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. 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. Contact info@lightsourcebp.com SOCIAL RESOURCES Our purpose is to deliver affordable and sustainable solar. Lightsource bp Renewable Energy Investments Limited. All rights reserved. For more information please visit www.lightsourcebp.com. We work with businesses and communities around the world to deliver low-carbon solar energy projects. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. 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 . All rights reserved. We use cookies to make our services work and collect analytics information. 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. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. 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. GBp You've rejected analytics cookies. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Lightsource bp Renewable Energy Investments Limited. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. The modules, scheduled. 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. Were delighted that bp and Lightsource bp have placed their trust in us and our technology to help power their growth in the United States.. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. 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. 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. 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. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. 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. 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. Our success is built on more than just our solar projects. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. 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. This website uses cookies so that we can provide you with the best user experience possible. 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. November See here for a complete list of exchanges and delays. 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. First Solar Investor Relations 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. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. BP p.l.c. 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. This website uses cookies so that we can provide you with the best user experience possible. 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. is the parent company of the bp group of companies. 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. 264.7 KB. 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. 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. 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. Our sector is fundamentally about financing. Discover how we are creating a positive impact across energy, the environment and our people. At Lightsource bp, weve been developing utility-scale solar projects since 2010. This website uses cookies so that we can provide you with the best user experience possible. Group Results Fourth Quarter and Full Year 2019 Highlights. I started in this business six years ago, when we were just finding our feet in the UK and a few hundred megawatts seemed a big ambition. wedding venues huron county, we can only control how we react quote, dirty martini dip with blue cheese,