lightsource bp annual report

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. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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). Our sector is fundamentally about financing. 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 launches Bighorn Solar project in Colorado - powering 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. 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. Brooks has a Winston Churchill quote in mind: Now, this is not the end. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. You can find out more about which cookies we are using or switch them off in settings. 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. Oil and gas will remain BPs largest source of income over the coming decade which will help pay for the shift to low-carbon energy. We are using cookies to give you the best experience on our website. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. We continue to grow teams, partnerships and projects throughout the world. Find out more about us and how were working together to create a sustainable energy future for us all. Lightsource bp launches Bighorn Solar project in Colorado - bp global And the next big steps are bigger projects and more volume. There is going to be a huge amount of capital flow into new business models, he predicts. 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. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. BP and Lightsource announced the partnership in December. 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. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 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 parent company financial statements of BP p.l.c. This website uses cookies so that we can provide you with the best user experience possible. Discover how we are creating a positive impact across energy, the environment and our people. For more information please visit www.lightsourcebp.com. The brand gives us a credibility that it would take 30 years to develop on our own. 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'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. 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. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Lightsource Bp Renewable Energy Investments Limited From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. Our team includes over 500 industry specialists, working across 15 countries. All rights reserved. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. 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. LSbp's first site produced just 0.7 megawatts (MW) of solar power. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota We are using cookies to give you the best experience on our website. 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. See here for a complete list of exchanges and delays. First Solar Investor Relations The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. (), USD The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 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. The companys primary share listing is the London Stock Exchange. 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. 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. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 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. 260MW of affordable, clean and locally generated electricity for Texas communities. The full details of our Gender Pay Gap Report 2018can be found here. BP p.l.c. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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. 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. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. 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. High-grading our portfolio, lowering our emissions and driving returns. investor@firstsolar.com April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. A year ago, Lightsource was the established solar leader in Europe. (Loading), USD 2023 Lightsource. You can change your cookie settings at any time. About First Solar, Inc. 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. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 2023 Lightsource. Solar projects already meet BP's profit goals, Lightsource BP says 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. 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 and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. Helge Lund, chair Chair's letter pdf / 264.7 KB 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. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. If you experience any issues with this process, please contact us for further assistance. 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. Lightsource bp Financials | Craft.co We have always been driven, and our partnership with BP is a great enabler. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. Choose a career where you are empowered to change the world! Global leader in responsible solar development | Lightsource bp US For more information, please visit www.firstsolar.com. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. Solar projects already meet BP's profit goals, Lightsource BP says Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. 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. Lightsource bp Closes Financing Package and Mobilizes Construction on What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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. It makes good business sense, too. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. 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. This is where we come in. 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. 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. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. ()*, GBp 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. 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 launches Bighorn Solar project in Colorado - powering Delivered by Investis. Report this post Report Report. Brazil is a massive market with huge potential. 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. 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. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. 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. 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. Lightsource bp Renewable Energy Investments Limited. At Lightsource bp, weve been developing utility-scale solar projects since 2010. New Mexico 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. GBp 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. Lightsource bp is an international solar business. 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. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. Actual results may differ materially from those expressed in such statements depending on a variety of factors. 2018, The BP partnership has definitely given our whole team confidence. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. Read story Prev 1 2 Lightsource bp is an international solar business. BP International Limited ANNUAL REPORT and FINANCIAL This website uses cookies so that we can provide you with the best user experience possible. 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. But, while it is proud of projects that are bringing renewable energy to millions of homes in India, for example, the focus this year has been on laying the foundations for further growth, rather than simply building capacity. 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. Partnerships are a key part of our approach, enabling better and faster utilization of our network. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. Lightsource BP starts operating massive solar project in North Texas (), USD Legal notice in relation to the material on this page. 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. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. 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. 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. in 2001. pdf / 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. Ordinary shares are ordinary fully paid shares in BP p.l.c. You can find out more about which cookies we are using or switch them off in settings. Post Online Media. The Directors remuneration report is on pages 116-141. 2023 Lightsource. As a business we care deeply about the impact of our projects, our culture and values, and our team members. 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. All rights reserved. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. Our purpose is to deliver affordable and sustainable solar. 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 DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. 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. 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? All rights reserved. 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. 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.

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