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. are on pages 282-336. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. 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 . With smaller pockets, comes a different approach. This website uses cookies so that we can provide you with the best user experience possible. 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. Sustainability is at our core. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. All rights reserved. November:expansion into Italy, Iberia and Brazil is announced. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. Lightsource bp is a global leader in utility-scale solar development and management. Helge Lund, chair Chair's letter pdf / 264.7 KB First Solar Investor Relations 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. 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. 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. 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. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 8.3 MB. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. Legal notice in relation to the material on this page. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. Annual report Performing while transforming Annual Report and Form 20-F 2021 pdf / 8.3 MB Strategy Business model Remuneration Key downloads 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. Here are some examples of how we performed in 2021. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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 2023 Lightsource. As the company's shares, in the form of ADSs, are listed on the NYSE, an Annual Report on Form 20-F is filed with the SEC. It is not even the beginning of the end. 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. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. Our sector is fundamentally about financing. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Find out more about our sustainability strategy and initatives. 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 . 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 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. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. 2.2 MB. You can find out more about which cookies we are using or switch them off in settings. 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. BPs shares linger near 25-year lows after it halved its dividend in August. Lightsource bp Renewable Energy Semiconductor Manufacturing . 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. The full details of our Gender Pay Gap Report 2018can be found here. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. 2023 Lightsource. We work with businesses and communities around the world to deliver low-carbon solar energy projects. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. 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. Read story 28 Feb, 2023 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. About First Solar, Inc. You should not place undue reliance on these forward-looking statements. See here for a complete list of exchanges and delays. We use some essential cookies to make our services work. 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. 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? Back Submit . 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.. 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). From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. 382.4 KB, pdf / Our growth has been in maturing the organization and getting into a strong operating position for next year. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. We are using cookies to give you the best experience on our website. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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 are using cookies to give you the best experience on our website. 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. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. Our purpose is to deliver affordable and sustainable solar. The Material does not (i) form part of the bp Annual Report and, pdf / 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. 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. The full details of our Gender Pay Gap Report 2018 can be found here. 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. 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. 2023 Lightsource. 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 make our services work and collect analytics information. Contact info@lightsourcebp.com SOCIAL RESOURCES We have always been driven, and our partnership with BP is a great enabler. Lightsource bp Renewable Energy Investments Limited. 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. Privately-owned Lightsource BP, which develops solar projects from their earliest stages, reported a turnover of 55.3 million pounds last year, compared with 40.7 million pounds a year earlier,. 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. 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. 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. 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. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. *Market data delayed by 20 minutes. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Our Standards: The Thomson Reuters Trust Principles. The US solar industry is at an important inflection point where it must continue the charge towards delivering 45% of our countrys electricity by 2050 while addressing the risks and uncertainty posed by increasingly volatile solar panel production, pricing, and supply, said Georges Antoun, chief commercial officer, First Solar. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. The companys primary share listing is the London Stock Exchange. 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. (Loading)*. 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. You can find out more about which cookies we are using or switch them off in settings. Procurement agreement with US-based manufacturer. of 25 cents each. All rights reserved. GBp The parent company financial statements of BP p.l.c. GBp 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 purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. 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. We are using cookies to give you the best experience on our website. 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. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. (Loading)*. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . for the year ended 31 December 2021. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . All quotes delayed a minimum of 15 minutes. 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. 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. The company and each of its subsidiaries are separate legal entities. You can change your cookie settings at any time. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. in 2001. 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. 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. *Market data delayed by 20 minutes. 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. Lightsource bp Renewable Energy Investments Limited. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. 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. 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. 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. 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. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. 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. We represent the opposite of that.. 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. February 27, 2023. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana 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. "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. 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. 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. If you experience any issues with this process, please contact us for further assistance. 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. About Lightsource bp 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. You can sign up for additional alert options at any time. Designed and developed at its research and development (R&D) centers in California and Ohio, First Solars responsibly produced advanced thin film PV modules set industry benchmarks for quality, durability, reliability, design, and environmental performance. High-grading our portfolio, lowering our emissions and driving returns. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. We continue to grow teams, partnerships and projects throughout the world. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). 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. All rights reserved. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. For more information please visit www.lightsourcebp.com. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com.