lightsource bp annual report lightsource bp annual report

As a business we care deeply about the impact of our projects, our culture and values, and our team members. 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. 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. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. We use some essential cookies to make our services work. 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. The framework agreements, the largest in First Solars history, will provide modules scheduled to be delivered between 2023 and 2025 to support the companies solar development pipelines in the United States. 2023 Lightsource. 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. Assist in contract negotiation and. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. About bp For more information please visit www.lightsourcebp.com. First Solar Investor Relations 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. *Market data delayed by 20 minutes. 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 . By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. 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. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. Discover how we are creating a positive impact across energy, the environment and our people. This website uses cookies so that we can provide you with the best user experience possible. is the parent company of the bp group of companies. For more information on bp in the US, visit www.bp.com/us. Lightsource bp Renewable Energy Investments Limited. We have always been driven, and our partnership with BP is a great enabler. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. In 2021 we started up two major projects in the US Gulf of Mexico, where we plan to grow our oil and gas production to around 400mboe/d net by the mid-2020s, We are accelerating our electric vehicle (EV) charging ambition across key growth markets, through a focus on on-the-go charging and fleets. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana 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. You can find out more about which cookies we are using or switch them off in settings. This website uses cookies so that we can provide you with the best user experience possible. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. A year ago, Lightsource was the established solar leader in Europe. 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. With smaller pockets, comes a different approach. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. 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 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. 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). of 1 each. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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. And the next big steps are bigger projects and more volume. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. 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. 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. And, if youre confident, you can put your head down and deliver. The great majority of this investment will fund Lightsource's. 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. 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. This website uses cookies so that we can provide you with the best user experience possible. Every region receives a tailored approach and is managed by a local team. Actual results may differ materially from those expressed in such statements depending on a variety of factors. 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. 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. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. 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. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. 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. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 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. We power businesses and communities across the US with clean and affordable energy solutions. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. (), USD 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. 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. We are using cookies to give you the best experience on our website. 382.4 KB, pdf / 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. 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. 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 . That's enough to power approximately 86,000 homes in New South Wales. 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. 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. Contact info@lightsourcebp.com SOCIAL RESOURCES April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. 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. 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. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. Earlier this year, First Solar announced that it will invest $680 million to expand Americas domestic PV solar manufacturing capacity by 3.3GW annually, by building its third US manufacturing facility, in Lake Township, Ohio. If you experience any issues with this process, please contact us for further assistance. 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. November:expansion into Italy, Iberia and Brazil is announced. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Delivered by Investis. 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. 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. Brazil is a massive market with huge potential. BPs shares linger near 25-year lows after it halved its dividend in August. 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. 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. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. 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. Read story 28 Feb, 2023 For First Solar Investors 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. 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. Find out more about our sustainability strategy and initatives. 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. 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. About Lightsource bp 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 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. The companys primary share listing is the London Stock Exchange. Partnerships are a key part of our approach, enabling better and faster utilization of our network.