LSbp's first site produced just 0.7 megawatts (MW) of solar power. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. 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. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. 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. BP p.l.c. Lightsource Bp Renewable Energy Investments Limited 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. Brooks has a Winston Churchill quote in mind: Now, this is not the end. As a leading developer, financier and operator of utility-scale solar, we have been building and growing meaningful partnerships across the energy transition for over a decade. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. Lightsource bp is a global leader in utility-scale solar development and management. 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. 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. The brand gives us a credibility that it would take 30 years to develop on our own. Lightsource bp Financials | Craft.co 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. Lightsource bp Closes Financing Package and Mobilizes Construction on News & insights | Lightsource bp At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. 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. First Solar Investor Relations 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. 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. GBp We are using cookies to give you the best experience on our website. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. Find out more about us and how were working together to create a sustainable energy future for us all. Doubling adjusted EBITDA, sustaining returns, focused on customers. 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. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. As a business we care deeply about the impact of our projects, our culture and values, and our team members. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. Find out more about our sustainability strategy and initatives. You can find out more about which cookies we are using or switch them off in settings. 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. Assist in contract negotiation and. Solar projects already meet BP's profit goals, Lightsource BP says 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 . 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. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. Lightsource and bp celebrate five-year anniversary. 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. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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. In a statement Thursday, Lightsource bp which oil. The deal on the Lightsource deal | News and insights | Home - bp global Our success is built on more than just our solar projects. You can find out more about which cookies we are using or switch them off in settings. Lightsource bp launches Bighorn Solar project in Colorado - powering 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. 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. We believe that sustainability and social responsibility are crucial for long-term business success and this is embedded within our business model, holding us accountable to those principles. Our Standards: The Thomson Reuters Trust Principles. 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. Where we refer to the company, we mean BP p.l.c. Post Online Media. 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. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. 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. You've rejected analytics cookies. (), USD But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. November:expansion into Italy, Iberia and Brazil is announced. 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. Annual report | Investors | Home - bp global 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 . 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. 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. 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 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. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Lightsource bp Renewable Energy Investments Limited. 2023 Lightsource. 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 Sign Multi-Year Agreement for up to 5 - Yahoo! You've accepted analytics cookies. About First Solar, Inc. 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. Lightsource bp Renewable Energy Investments Limited. Our approach has always been to attract, select and retain the right person for each position, regardless of gender, sexuality, personal beliefs, identity and ethnicity. 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. To obtain a hard printed copy of BP's 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. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. Contact info@lightsourcebp.com SOCIAL RESOURCES 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. Lightsource BP - the solar developer 50% owned by the oil supermajor - announced a more than doubling in growth ambitions backed by a $1.8bn finance package as it hailed "a shift in mindset from gigawatts to terawatts" by the global renewables sector. Read more about supporting local communities, Procurement agreement with US-based manufacturer. 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. 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. 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. All rights reserved. The great majority of this investment will fund Lightsource's. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. Procurement agreement with US-based manufacturer. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp pays for the first $800 of the monthly insurance premium. 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.. Home | Lightsource bp Lightsource bp Renewable Energy Investments Limited. Choose a career where you are empowered to change the world! and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. Building scale with capital discipline and returns focus. 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. These forward-looking statements are often characterized by the use of words such as estimate, expect, anticipate, project, plan, intend, seek, believe, forecast, foresee, likely, may, should, goal, target, might, will, could, predict, continue and the negative or plural of these words and other comparable terminology. About bp August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. 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. 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 is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. ()*, GBp 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. 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. This website uses cookies so that we can provide you with the best user experience possible. Lightsource bp Renewable Energy Investments Limited. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. 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. 2023 Lightsource. The modules, scheduled. Home - Lightsource bp Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. The full details of our Gender Pay Gap Report 2018can be found here. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. 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.