lightsource bp annual report lightsource bp annual report

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 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. Building scale with capital discipline and returns focus. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. Helge Lund, chair Chair's letter pdf / 264.7 KB Assist in contract negotiation and. 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 . And, if youre confident, you can put your head down and deliver. 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. If you experience any issues with this process, please contact us for further assistance. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp Renewable Energy Investments Limited. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. As the company's shares, in the form of ADSs, are listed on the NYSE, an Annual Report on Form 20-F is filed with the SEC. 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. Discover how we are creating a positive impact across energy, the environment and our people. 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 We power businesses and communities across the US with clean and affordable energy solutions. 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. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. BP are able to deliver more than just solar. Post Online Media. You can find out more about which cookies we are using or switch them off in settings. 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. Lightsource bp Renewable Energy Investments Limited. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. This website uses cookies so that we can provide you with the best user experience possible. the Role of Oil and Gas, Sustainability Report 2020 Sustainability at Bp 2020 at a Glance Our Foundations Our Focus Areas Embedding Sustainability External Collaborations Our Reporting, Parent Company Financial Statements of BP P.L.C, DID YOU KNOW? The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. Every region receives a tailored approach and is managed by a local team. Back Submit . 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. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. 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 are using cookies to give you the best experience on our website. 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. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC, We Want to Help the World Reach Net Zero and Improve People's Lives, Reliance and BP Move Forward with Indian Fuels Partnership., BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components, Press Release by BP and Reliance Industries Limited, BP International Limited ANNUAL REPORT and FINANCIAL, In the Superior Court of the State of Delaware, 1 Complaint Against BP in Respect of Violations of the OECD Guidelines, Plaintiffs' Response in Opposition to BP Motion, Energy Transition: Evolution Or Revolution? 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. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . 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. It is not even the beginning of the end. pdf / 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 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.. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana We are using cookies to give you the best experience on our website. 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. 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. 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. Lightsource bp is an international solar business. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. All quotes delayed a minimum of 15 minutes. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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. 264.7 KB. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. It is just the start for us in Latin America, Souflis adds. 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. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. 8.3 MB. Our purpose is to deliver affordable and sustainable solar. Our ability to help our customers manage these risks by providing long-term firm pricing and supply commitments, backed by First Solars reputation, is a key differentiator. We continue to grow teams, partnerships and projects throughout the world. 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. 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. We are using cookies to give you the best experience on our website. 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. All rights reserved. BPs shares linger near 25-year lows after it halved its dividend in August. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. High-grading our portfolio, lowering our emissions and driving returns. 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. 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. 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. Contact info@lightsourcebp.com SOCIAL RESOURCES 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. And the next big steps are bigger projects and more volume. Lightsource bp Renewable Energy Semiconductor Manufacturing . Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. New Mexico 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. 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. 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. 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. 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. 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. 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. The modules, scheduled. 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. Construction on this project commenced in December 2019. 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 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.. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 2023 Lightsource. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). Lightsource bp is a global leader with local impact. 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. The BP partnership has definitely given our whole team confidence, Brooks says. We have always been driven, and our partnership with BP is a great enabler. 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. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. 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. 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. ()*, GBp If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. After submitting your request, you will receive an activation email to the requested email address. 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. bps finances are strong and resilient. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. Choose a career where you are empowered to change the world! of 1 each. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. For more information, please visit www.firstsolar.com. 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.