Lightsource bp Renewable Energy Investments Limited. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. Sustainability is at our core. 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. 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. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. 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. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. The Directors remuneration report is on pages 116-141. Post Online Media. 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.. 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. For more information on bp in the US, visit www.bp.com/us. Our team includes over 500 industry specialists, working across 15 countries. We are using cookies to give you the best experience on our website. BPs shares linger near 25-year lows after it halved its dividend in August. 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. 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. The full details of our Gender Pay Gap Report 2018can be found here. investor@firstsolar.com 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. 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. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. are on pages 282-336. 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. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. 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. All rights reserved. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. bps finances are strong and resilient. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. See here for a complete list of exchanges and delays. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. 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. 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. Our most recent Annual Report and Form 20-F is available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov SOURCE BP PLC . Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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. 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. Find out more about how Lightsource bp works and operates and our partnership with bp. We work with businesses and communities around the world to deliver low-carbon solar energy projects. You can find out more about which cookies we are using or switch them off in settings. 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. Procurement agreement with US-based manufacturer. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. Every region receives a tailored approach and is managed by a local team. 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. 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 / 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. 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). 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. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. 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. 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 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. About bp 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 an international solar business. Lightsource bp is a global leader in utility-scale solar development and management. 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. You can find out more about which cookies we are using or switch them off in settings. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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 . 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. In 2021 we started directly supplying customers in China with gas from liquefied natural gas (LNG) imported by bp, completing our first fully integrated gas value chain into the country. The company and each of its subsidiaries are separate legal entities. is the parent company of the bp group of companies. After submitting your request, you will receive an activation email to the requested email address. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. 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. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Our Standards: The Thomson Reuters Trust Principles. November:expansion into Italy, Iberia and Brazil is announced. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. 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. November:contracts are signed for 25MW of solar power in Western US. Ordinary shares are ordinary fully paid shares in BP p.l.c. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. 2023 Lightsource. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. 2023 Lightsource. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. 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. 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. You should not place undue reliance on these forward-looking statements. You can find out more about which cookies we are using or switch them off in settings. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. The companys primary share listing is the London Stock Exchange. Oversee onboarding of new facilities. 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. The Material does not (i) form part of the bp Annual Report and, pdf / 2023 Lightsource. ()*, GBp A year ago, Lightsource was the established solar leader in Europe. 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. 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, rebranded from Lightsource Renewable Energy in 2018, is the largest solar developer in Europe, and third largest in the world outside of China. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. 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. This website uses cookies so that we can provide you with the best user experience possible. We power businesses and communities across the US with clean and affordable energy solutions. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of solar projects and power sales to our clients. Find out more about our sustainability strategy and initatives. 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. Lightsource bp is a global leader in utility-scale solar development and management. 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. 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. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021.
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