November Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. It is just the start for us in Latin America, Souflis adds. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. farmers and ranchers face increasing economic stress. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. 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. Sustainability is at our core. (), USD 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. 382.4 KB, pdf / We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Report this post Report Report. (Loading)*. We continue to grow teams, partnerships and projects throughout the world. As a business we care deeply about the impact of our projects, our culture and values, and our team members. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. 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. Choose a career where you are empowered to change the world! The great majority of this investment will fund Lightsource's. 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. Unless otherwise stated or the context otherwise requires, the term BP or "bp" and terms such as we, us and our are used for convenience to refer to one or more of the members of the bp group instead of identifying a particular entity or entities. 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 . 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). We represent the opposite of that.. 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. Lightsource and bp celebrate five-year anniversary Read story 01 Mar, 2023 Lightsource bp will promote the development of 19 solar projects, involving an investment of 1.2 billion Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. Every region receives a tailored approach and is managed by a local team. Global leader in responsible solar development | Lightsource bp US We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. Lightsource bp Renewable Energy Investments Limited. 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. We power businesses and communities across the US with clean and affordable energy solutions. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. Sustainability is integrated into our business strategy and operating model at every level. 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. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. 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. 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. Lightsource bp launches Bighorn Solar project in Colorado - bp global Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. Doubling adjusted EBITDA, sustaining returns, focused on customers. 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 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. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. You've accepted analytics cookies. 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 / The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. The full details of our Gender Pay Gap Report 2018 can be found here. TEMPE, Ariz., Nov. 22, 2021 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) today announced that global solar leader Lightsource bp and integrated energy company bp have placed multi-year orders for up to 5.4 gigawatts (GW) combined of First Solars advanced, ultra-low carbon thin film photovoltaic (PV) solar modules. Group Results Fourth Quarter and Full Year 2019 Highlights. 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. 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. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Lightsource bp Renewable Energy Investments Limited. BP returns to solar with investment in Lightsource | Reuters 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). 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. Read story 28 Feb, 2023 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. Our Standards: The Thomson Reuters Trust Principles. Read more about supporting local communities, Procurement agreement with US-based manufacturer. The Material does not (i) form part of the bp Annual Report and, pdf / 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. Procurement agreement with US-based manufacturer. BPs shares linger near 25-year lows after it halved its dividend in August. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Lightsource bp to partner with Dourogs on green hydrogen projects - CNBC 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 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. 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. 2023 Lightsource. We recognise that the rising need for energy must be met through sustainable sources. In just 11 months, the company has been awarded significant corporate power contracts in the US and Australia, entered the Egyptian energy market through a joint venture, and established a 500 million green energy infrastructure fund in India. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. Annual report | Investors | Home - bp global Find out more about how Lightsource bp works and operates and our partnership with bp. 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. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. 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. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. for the year ended 31 December 2021. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Discover how we are creating a positive impact across energy, the environment and our people. A year ago, Lightsource was the established solar leader in Europe. 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. 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. ()*, GBp You can find out more about which cookies we are using or switch them off in settings. "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. This website uses cookies so that we can provide you with the best user experience possible. And the next big steps are bigger projects and more volume. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. Find out more about our sustainability strategy and initatives. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. You've rejected analytics cookies. All rights reserved. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Energy Outlook 2023 considers the recent disruption to global energy supplies and associated impacts on global prices, and explores how this could affect the energy transition out to 2050. 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 . GBp What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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? 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. 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. 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. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. This website uses cookies so that we can provide you with the best user experience possible. Home, Britoil, Lightsource BP, Llandarcy. Our sector is fundamentally about financing. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. You can change your cookie settings at any time. 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. Lightsource bp and bp Sign Multi-Year Agreement for up to The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. Lightsource bp Renewable Energy Investments Limited. Were delighted that bp and Lightsource bp have placed their trust in us and our technology to help power their growth in the United States.. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. Since late 2017, the team has developed a pipeline of more than 10 gigawatts of large-scale solar projects at various stages of development across the United States with over 2.8 gigawatts of contracted assets with clients in 11 states representing more than $2.3 billion in expected investment. 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. 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. November:contracts are signed for 25MW of solar power in Western US. 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.

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