Sustainability is at our core. 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. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. 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. 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. Choose a career where you are empowered to change the world! 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. New Mexico BP and Lightsource announced the partnership in December. 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. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp and bp Sign Multi-Year Agreement for up to (), USD Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. 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 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 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. 2023 Lightsource. BP p.l.c. We are using cookies to give you the best experience on our website. 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 . Read story 28 Feb, 2023 You can sign up for additional alert options at any time. 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. 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. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). 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 and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. You've rejected analytics cookies. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. ()*, GBp You can change your cookie settings at any time. 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. You must click the activation link in order to complete your subscription. Lightsource bp launches Bighorn Solar project in Colorado - bp global 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 Join Forces to Drive Growth in Solar Power High-grading our portfolio, lowering our emissions and driving returns. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. 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.. 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. GBp (Loading)*. BP International Limited ANNUAL REPORT and FINANCIAL 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. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. About Lightsource bp The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. 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. The great majority of this investment will fund Lightsource's. 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. 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. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. You can find out more about which cookies we are using or switch them off in settings. Sustainability is integrated into our business strategy and operating model at every level. COLUMBUS, Ohio-- ( BUSINESS WIRE )--Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon's. With smaller pockets, comes a different approach. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Lightsource and bp celebrate five-year anniversary. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. Lightsource bp gets financing for massive Pointe - Business Report Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. We are using cookies to give you the best experience on our website. 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. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. November 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 In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. 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 new facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the companys Northwest Ohio footprint to a total annual capacity of 6GW, which is believed to make it the largest fully vertically integrated solar manufacturing complex outside of China. 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. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. for the year ended 31 December 2021. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota 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 . 2023 Lightsource. 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. 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.. in 2001. Lightsource bp launches Bighorn Solar project in Colorado - powering *Market data delayed by 20 minutes. For more information please visit www.lightsourcebp.com. 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. 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. Solar projects already meet BP's profit goals, Lightsource BP says The Material does not (i) form part of the bp Annual Report and, pdf / 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. Doubling adjusted EBITDA, sustaining returns, focused on customers. 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. 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. We continue to grow teams, partnerships and projects throughout the world. 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. November:contracts are signed for 25MW of solar power in Western US. Lightsource and bp celebrate five-year anniversary. 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. 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. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. We are using cookies to give you the best experience on our website. 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 . 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. That's enough to power approximately 86,000 homes in New South Wales. 8.3 MB. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. 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. 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. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. For First Solar Investors All rights reserved. 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. Annual report | Investors | Home - bp global From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. Solar projects already meet BP's profit goals, Lightsource BP says You can find out more about which cookies we are using or switch them off in settings. There is going to be a huge amount of capital flow into new business models, he predicts. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! Lightsource bp Closes Financing Package and Mobilizes Construction on Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. Lightsource bp is a global leader with local impact. Ordinary shares are ordinary fully paid shares in BP p.l.c. BPs shares linger near 25-year lows after it halved its dividend in August. We have always been driven, and our partnership with BP is a great enabler. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. Lightsource bp Financials | Craft.co 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. of 1 each. Here are some examples of how we performed in 2021. About First Solar, Inc. This website uses cookies so that we can provide you with the best user experience possible. At Lightsource bp, weve been developing utility-scale solar projects since 2010. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. All quotes delayed a minimum of 15 minutes. [email protected] Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs.
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