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. When BP announced its stake in Lightsource in late-December 2017, committing $200 million over three years, Brooks was just a year into his role. 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. pdf / This is where we come in. 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 . The full details of our Gender Pay Gap Report 2018 can be found here. About Lightsource bp 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 February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. Actual results may differ materially from those expressed in such statements depending on a variety of factors. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. is the parent company of the bp group of companies. Lightsource bp Signs Power Contract With Amazon for a New 375 Megawatt 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. 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. 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 deal on the Lightsource deal | News and insights | Home - bp global 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 and AEP Energy Partners Sign Power Contract for 188 The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 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. Annual Gender Pay Gap Report Published in the UK | Lightsource bp To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. (), USD Lightsource and bp celebrate five-year anniversary. Looking ahead to 2019, Souflis and Brooks are set to continue assessing opportunities together in multiple countries where Lightsource BP has no presence, at the moment, but where solar makes sense and where the BP name provides a strategic advantage. for the year ended 31 December 2021. For First Solar Investors The 260-megawatt 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. 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. 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. 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. Lightsource bp Renewable Energy Investments Limited. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. 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. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. 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 . 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. 2023 Lightsource. High-grading our portfolio, lowering our emissions and driving returns. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. Lightsource bp turns 10 | News and insights | Home To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. 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. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 2023 Lightsource. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Lightsource bp to partner with Dourogs on green hydrogen projects - CNBC Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Our team includes over 500 industry specialists, working across 15 countries. All rights reserved. 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. 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. 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 modules, scheduled. 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. 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. We know many ways in which to finance projects and understand the market for financing very differently.. 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. 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. BPs shares linger near 25-year lows after it halved its dividend in August. Group Results Fourth Quarter and Full Year 2019 Highlights. We are using cookies to give you the best experience on our website. We build, own and operate cost-effective, clean energy projects, and are dedicated to pushing the frontiers of solar and storage solutions, backed by world-class execution capabilities. 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. Helge Lund, chair Chair's letter pdf / 264.7 KB *Market data delayed by 20 minutes. *Market data delayed by 20 minutes. (Loading), USD 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. Home - Lightsource bp Owler Reports - Lightsource bp: Lightsource bp selling 1-GWp solar Lightsource bp is an international solar business. 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. Sustainability is integrated into our business strategy and operating model at every level. All quotes delayed a minimum of 15 minutes. 2018, The BP partnership has definitely given our whole team confidence. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. 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. 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. 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. There is going to be a huge amount of capital flow into new business models, he predicts. And this week, Lightsource BP announces its presence in Brazil, meaning the business is now active in 10 countries up from just five only a year ago. Delivered by Investis. 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. The parent company financial statements of BP p.l.c. 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. 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. Every region receives a tailored approach and is managed by a local team. 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. You can find out more about which cookies we are using or switch them off in 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. 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. Lightsource bp Financials | Craft.co Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. 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. We power businesses and communities across the US with clean and affordable energy solutions. With smaller pockets, comes a different approach. You can change your cookie settings at any time. BP International Limited. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. 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. "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. Lightsource and bp celebrate five-year anniversary. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. We recognise that the rising need for energy must be met through sustainable sources. (Loading), USD 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. This website uses cookies so that we can provide you with the best user experience possible. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! Find out more about how Lightsource bp works and operates and our partnership with bp. 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. Contact info@lightsourcebp.com SOCIAL RESOURCES I started in this business six years ago, when we were just finding our feet in the UK and a few hundred megawatts seemed a big ambition. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. in 2001. The company and each of its subsidiaries are separate legal entities. 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. In a statement Thursday, Lightsource bp which oil. 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. 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. We are using cookies to give you the best experience on our website. Lightsource BP - Wikipedia Modern Slavery And Human Trafficking Statement. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. You should not place undue reliance on these forward-looking statements. Here are some examples of how we performed in 2021. Legal notice in relation to the material on this page. Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of 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. 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. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. The BP partnership has definitely given our whole team confidence, Brooks says. 264.7 KB. 'Terawatts mindset' as Lightsource BP bags $1.8bn to double solar 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. Home | Lightsource bp You can find out more about which cookies we are using or switch them off in settings. 2023 Lightsource. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana 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 / Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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. 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. 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. Lightsource bp Renewable Energy Investments Limited. 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. 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. 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 . Lightsource bp | What we do | Home - United States 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). 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. 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. Find out more about our sustainability strategy and initatives. 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. BP are able to deliver more than just solar. 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. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. 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. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. 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. 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. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. 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.. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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 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. You've accepted analytics cookies. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. About First Solar, Inc. Sustainability is at our core. 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. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. 2023 Lightsource. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. The Directors remuneration report is on pages 116-141. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). It is just the start for us in Latin America, Souflis adds. We use cookies to collect and analyse information on our site's performance and to enable the site to function. We represent the opposite of that.. 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. 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. Solar projects already meet BP's profit goals, Lightsource BP says DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. It makes good business sense, too. 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. All rights reserved. Lightsource bp launches Bighorn Solar project in Colorado - bp global