It makes good business sense, too. 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. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Our team includes over 500 industry specialists, working across 15 countries. 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. 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.. 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. Lightsource bp Renewable Energy Semiconductor Manufacturing . 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. Lightsource bp Renewable Energy Investments Limited. Report this post Report Report. 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. The brand gives us a credibility that it would take 30 years to develop on our own. GBp 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. Delivered by Investis. 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. 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. Ordinary shares are ordinary fully paid shares in BP p.l.c. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. 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. We have always been driven, and our partnership with BP is a great enabler. 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. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. All rights reserved. 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. 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. 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. 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. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. BP International Limited. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. November:contracts are signed for 25MW of solar power in Western US. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. of 1 each. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. 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. 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 and bp celebrate five-year anniversary. This website uses cookies so that we can provide you with the best user experience possible. The anniversary of BP's investment in Europe's largest solar developer is coinciding with its announcement of expansion into Brazil, the latest step in the company's growing global footprint As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europe's largest solar developer. 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 power businesses and communities across the US with clean and affordable energy solutions. 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 260-megawatt Impact . About First Solar, Inc. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Choose a career where you are empowered to change the world! Assist in contract negotiation and. For First Solar Investors BP p.l.c. 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. are on pages 282-336. This website uses cookies so that we can provide you with the best user experience possible. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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 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. 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. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. The BP partnership has definitely given our whole team confidence, Brooks says. Lightsource bp and bp will benefit from the evolution of First Solars advanced Cadmium Telluride (CadTel) thin film module technology platform over the span of the agreement. 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. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. Information in the bp Annual Report and Form 20-F 2021 reflects 100% of the assets and operations of the company and its subsidiaries that were consolidated at the date or for the periods indicated, including non-controlling interests. 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. 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. 2023 Lightsource. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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 is not even the beginning of the end. 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. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. We recognise that the rising need for energy must be met through sustainable sources. 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. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. Brazil is a massive market with huge potential. 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. Sustainability is integrated into our business strategy and operating model at every level. of 25 cents each. Group Results Fourth Quarter and Full Year 2019 Highlights. 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. 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. is the parent company of the bp group of companies. 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. With smaller pockets, comes a different approach. You can change your cookie settings at any time. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. 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. *Market data delayed by 20 minutes. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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 . Lightsource bp Renewable Energy Investments Limited. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. 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 . We power businesses and communities across the US with clean and affordable energy solutions. 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). Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. It is just the start for us in Latin America, Souflis adds. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 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. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. 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. The Material does not (i) form part of the bp Annual Report and, pdf / Procurement agreement with US-based manufacturer. 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. All rights reserved. Sustainability is at our core. Our growth has been in maturing the organization and getting into a strong operating position for next year. GBp About Lightsource bp About bp Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. 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. For more information on bp in the US, visit www.bp.com/us. The companys primary share listing is the London Stock Exchange. 382.4 KB, pdf / 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. First Solar Investor Relations 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. Our purpose is to deliver affordable and sustainable solar. 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. 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. The full details of our Gender Pay Gap Report 2018can be found here. 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. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. 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 . 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. "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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 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 . 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. As the first person on the ground when entering a new territory, he has found that, over the past year, the BP name has opened a lot of doors. 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. 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. 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. All rights reserved. We represent the opposite of that.. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. Lightsource bp Renewable Energy Investments Limited. Helge Lund, chair Chair's letter pdf / 264.7 KB (Loading), USD The great majority of this investment will fund Lightsource's. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana You've accepted analytics cookies. 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. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. We work with businesses and communities around the world to deliver low-carbon solar energy projects. LSbp's first site produced just 0.7 megawatts (MW) of solar power. Choose a career where you are empowered to change the world! BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . 260MW of affordable, clean and locally generated electricity for Texas communities. 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. Forward-looking statements are only predictions based on our current expectations and our projections about future events and therefore speak only as of the date of this release. 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. 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. For more information, please visit www.firstsolar.com. 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 leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. We are using cookies to give you the best experience on our website. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 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.. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. ()*, GBp Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. Lightsource bp is an international solar business. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. 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,. (), USD Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. in 2001. 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. Where we refer to the company, we mean BP p.l.c. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. The full details of our Gender Pay Gap Report 2018 can be found here. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. Legal notice in relation to the material on this page. Lightsource bp is a global leader in utility-scale solar development and management. Construction on this project commenced in December 2019. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels.
Steve Rotheram Email Address,
Dumpling Making Class,
Neuromelanin Caucasian,
Melton Times Obituaries This Week,
Articles L