Find out more about how Lightsource bp works and operates and our partnership with 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. 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. 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. Lightsource bp Renewable Energy Investments Limited. 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 material on the bp Annual Report webpage (the Material) relates to the year ended 31 December 2021 and is provided for general information only. We are using cookies to give you the best experience on our website. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. 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. 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. Contact info@lightsourcebp.com SOCIAL RESOURCES 2023 Lightsource. You can change your cookie settings at any time. 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. 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. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Sustainability is at our core. 2023 Lightsource. (), USD 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 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. 2023 Lightsource. We continue to grow teams, partnerships and projects throughout the world. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. All rights reserved. BP International Limited. *Market data delayed by 20 minutes. 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. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. farmers and ranchers face increasing economic stress. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. 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 . 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. 264.7 KB. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. BPs shares linger near 25-year lows after it halved its dividend in August. Lightsource and bp celebrate five-year anniversary. 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. 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. All rights reserved. For more information, please visit www.firstsolar.com. (Loading), USD 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. Our purpose is to deliver affordable and sustainable solar. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . 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. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. All rights reserved. Choose a career where you are empowered to change the world! If you experience any issues with this process, please contact us for further assistance. 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 . Helge Lund, chair Chair's letter pdf / 264.7 KB Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. Here are some examples of how we performed in 2021. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. The term shareholder in the bp Annual Report and Form 20-F 2021 means, unless the context otherwise requires, investors in the equity capital of BP p.l.c., both direct and indirect. (Loading)*. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. For First Solar Investors 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. 2018, The BP partnership has definitely given our whole team confidence. Lightsource bp Renewable Energy Investments Limited. 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. 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. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. For more information please visit www.lightsourcebp.com. Lightsource BP - the solar developer 50% owned by the oil supermajor - announced a more than doubling in growth ambitions backed by a $1.8bn finance package as it hailed "a shift in mindset from gigawatts to terawatts" by the global renewables sector. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. Every region receives a tailored approach and is managed by a local team. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. The great majority of this investment will fund Lightsource's. You can find out more about which cookies we are using or switch them off in settings. (Loading), USD The parent company financial statements of BP p.l.c. 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. This website uses cookies so that we can provide you with the best user experience possible. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Our ability to help our customers manage these risks by providing long-term firm pricing and supply commitments, backed by First Solars reputation, is a key differentiator. Legal notice in relation to the material on this page. They have a combination of technologies that effectively allows them to deliver for customers in different jurisdictions. ($1 = 0.7660 pounds) (Reporting by Ron Bousso; editing by Emelia Sithole-Matarise). Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. (), USD You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. "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. 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. Post Online Media. 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. 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. Home, Britoil, Lightsource BP, Llandarcy. And, if youre confident, you can put your head down and deliver. 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. Lightsource bp pays for the first $800 of the monthly insurance premium. 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. 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. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. The full details of our Gender Pay Gap Report 2018can be found here. In a statement Thursday, Lightsource bp which oil. (Loading)*. 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. GBp 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. 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. We are using cookies to give you the best experience on our website. You can find out more about which cookies we are using or switch them off in settings. pdf / 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. New Mexico Lightsource bp is a global leader in utility-scale solar development and management. We are using cookies to give you the best experience on our website. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. BP and Lightsource announced the partnership in December. 382.4 KB, pdf / 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. You can find out more about which cookies we are using or switch them off in settings. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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. bps finances are strong and resilient. 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. The company and each of its subsidiaries are separate legal entities. All rights reserved. are on pages 282-336. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. Back Submit . Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. Lightsource bp has agreed to procure up to 4.3GWDC of modules for its US utility-scale projects, and bp will procure up to 1.1GWDC to power their projects being developed by Lightsource bp. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. From raw material sourcing and manufacturing through end-of-life module recycling, First Solars approach to technology embodies sustainability and a responsibility towards people and the planet. 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, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. 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. 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 / 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. LSbp's first site produced just 0.7 megawatts (MW) of solar power. This landmark solar industry procurement deal is a testimony to Lightsource bps exponential growth in the United States, and our confidence in First Solars technology, said Kevin Smith, chief executive officer, Americas, Lightsource bp. The Directors statements (comprising the Statement of directors responsibilities; Risk management and internal control; Longer-term viability; Going concern; and Fair, balanced and understandable), the independent auditors report on the annual report and accounts to the members of BP p.l.c., the parent company financial statements of BP p.l.c. 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. 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 . As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer.

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