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. pdf / BP are able to deliver more than just solar. You've accepted analytics cookies. Lightsource bp Closes Financing Package and Mobilizes Construction on You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Owler Reports - Lightsource bp: Lightsource bp selling 1-GWp solar Find out more about how Lightsource bp works and operates and our partnership with bp. 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. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Despite this years impressive results, were not complacent well continue working hard to make sure that equality and fairness is at the heart of our company policies and practices. 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. 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. 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. 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. 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. Helge Lund, chair Chair's letter pdf / 264.7 KB And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. Lightsource bp turns 10 | News and insights | Home Our Standards: The Thomson Reuters Trust Principles. Home - Lightsource 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. Brooks has a Winston Churchill quote in mind: Now, this is not the end. 'The potential for solar is huge': future looks bright for Lightsource BP 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. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. 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. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. There is going to be a huge amount of capital flow into new business models, he predicts. 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. Report this post Report Report. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. If you experience any issues with this process, please contact us for further assistance. 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 / 2.2 MB. Lightsource bp launches Bighorn Solar project in Colorado - powering Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Lightsource bp is an international solar business. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. 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. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. For First Solar Investors This website uses cookies so that we can provide you with the best user experience possible. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! 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. November Ordinary shares are ordinary fully paid shares in BP p.l.c. 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. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. 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? Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. 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. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. We continue to grow teams, partnerships and projects throughout the world. 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. 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. Solar projects already meet BP's profit goals, Lightsource BP says *Market data delayed by 20 minutes. Lightsource bp | What we do | Home - United States "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. 264.7 KB. 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 - Wikipedia BP International Limited ANNUAL REPORT and FINANCIAL Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. Back Submit . 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. It, however, recorded an operating loss of 24.5 million pounds in 2019 compared with a 15 million pound loss a year earlier, as a result of higher investments in new projects. 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. We use cookies to collect and analyse information on our site's performance and to enable the site to function. (Loading)*. 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. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. Choose a career where you are empowered to change the world! It is just the start for us in Latin America, Souflis adds. ()*, GBp Lightsource bp is a global leader in utility-scale solar development and management. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Our purpose is to deliver affordable and sustainable solar. 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. Annual Gender Pay Gap Report Published in the UK | Lightsource bp This website uses cookies so that we can provide you with the best user experience possible. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . 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. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota The modules, scheduled. It is not even the beginning of the end. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. We are using cookies to give you the best experience on our website. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. 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. 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. 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. (Loading)*. You must click the activation link in order to complete your subscription. The brand gives us a credibility that it would take 30 years to develop on our own. We know many ways in which to finance projects and understand the market for financing very differently.. Where we refer to the company, we mean BP p.l.c. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. 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 have always been driven, and our partnership with BP is a great enabler. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. You've rejected analytics cookies. 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. Find out more about us and how were working together to create a sustainable energy future for us all. Group Results Fourth Quarter and Full Year 2019 Highlights. Find out more about our sustainability strategy and initatives. BP returns to solar with investment in Lightsource | Reuters Lightsource bp and bp Sign Multi-Year Agreement for up to We use cookies to make our services work and collect analytics information. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. of 25 cents each. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. You can find out more about which cookies we are using or switch them off in settings. 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. December 2022 marks five years since bp and Lightsource entered into a partnership to become Lightsource bp a 50:50 joint venture between the companies. You can change your cookie settings at any time. 2023 Lightsource. 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 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. Contact [email protected] SOCIAL RESOURCES 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. 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. bps finances are strong and resilient. 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. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. LSbp's first site produced just 0.7 megawatts (MW) of solar power. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. Lightsource and BP Join Forces to Drive Growth in Solar Power To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Home, Britoil, Lightsource BP, Llandarcy. We are using cookies to give you the best experience on our website. For more information on bp in the US, visit www.bp.com/us. Discover how we are creating a positive impact across energy, the environment and our people. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. Our success is built on more than just our solar projects. Lightsource BP: one year on and going global 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. These provide the basis for a common set of enduring objectives for bp as we transform the organization consistent with the long-term energy transition. Choose a career where you are empowered to change the world! 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 company and each of its subsidiaries are separate legal entities. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. All quotes delayed a minimum of 15 minutes. 2023 Lightsource. 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. 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. The Directors remuneration report is on pages 116-141. 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. In a statement Thursday, Lightsource bp which oil. About bp This drives our commitment and continued effort to integrate sustainable business practices into everything we do. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. (), USD 2023 Lightsource. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. All rights reserved. Lightsource bp Places Multi-Year Order for 4 GW of First Solar Modules You can find out more about which cookies we are using or switch them off in settings. 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. We recognise that the rising need for energy must be met through sustainable sources. That's enough to power approximately 86,000 homes in New South Wales. 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. Lightsource bp | LinkedIn 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. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. Read more about supporting local communities, Procurement agreement with US-based manufacturer. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. LONDON, Oct 22 (Reuters) - Solar power developer Lightsource BP has generated returns of 10% and more on projects, its chief executive told Reuters as investors fret over joint owner BPs plan to switch away from oil and gas to renewables. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Lightsource bp Renewable Energy Investments Limited.