in 2001. 382.4 KB, pdf / The Directors remuneration report is on pages 116-141. 2023 Lightsource. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. 2023 Lightsource. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. 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. 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. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. 2023 Lightsource. Read story Prev 1 2 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. 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. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. You've rejected analytics cookies. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 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. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. 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. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . 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. Find out more about our sustainability strategy and initatives. 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. Lightsource bp is a global leader in utility-scale solar development and management. 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. 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. February 27, 2023. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. We continue to grow teams, partnerships and projects throughout the world. 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. Our most recent Annual Report and Form 20-F is available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov SOURCE BP PLC . Lightsource bp is a global leader with local impact. Group Results Fourth Quarter and Full Year 2019 Highlights. 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. Lightsource bp Renewable Energy Investments Limited. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. Choose a career where you are empowered to change the world! Choose a career where you are empowered to change the world! Every region receives a tailored approach and is managed by a local team. 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. 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. are on pages 282-336. 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 / To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. for the year ended 31 December 2021. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. investor@firstsolar.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. After submitting your request, you will receive an activation email to the requested email address. 8.3 MB. 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. We work with businesses and communities around the world to deliver low-carbon solar energy projects. 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. 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. First Solar Investor Relations
BP p.l.c. Report this post Report Report. 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. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. BP are able to deliver more than just solar. 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. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. All rights reserved. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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. A year ago, Lightsource was the established solar leader in Europe. 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. Assist in contract negotiation and. ()*, GBp This website uses cookies so that we can provide you with the best user experience possible. Legal notice in relation to the material on this page. Home, Britoil, Lightsource BP, Llandarcy. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Lightsource BP's initial goal was to use the oil giant's financial muscle to grow a 1.6 gigawatt pipeline of solar projects to a portfolio of 10GW of solar investments by 2023. Brooks has a Winston Churchill quote in mind: Now, this is not the end. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. 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 represent the opposite of that.. 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 in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. 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. It makes good business sense, too. Our success is built on more than just our solar projects. About Lightsource bp This website uses cookies so that we can provide you with the best user experience possible. Lightsource bp Renewable Energy Investments Limited. 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.. 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. Our team includes over 500 industry specialists, working across 15 countries. 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. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. You can sign up for additional alert options at any time. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. pdf / All rights reserved. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. Partnerships are a key part of our approach, enabling better and faster utilization of our network. Find out more about us and how were working together to create a sustainable energy future for us all. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. We use cookies to make our services work and collect analytics information. Our sector is fundamentally about financing. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. 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? We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. 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. Ordinary shares are ordinary fully paid shares in BP p.l.c. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. Lightsource bp is a global leader in utility-scale solar development and management. The 260-megawatt Impact . of 1 each. Contact info@lightsourcebp.com SOCIAL RESOURCES Lightsource and bp celebrate five-year anniversary. Sustainability is at our core. 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 companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. 2.2 MB. 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. We are using cookies to give you the best experience on our website. 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 pays for the first $800 of the monthly insurance premium. 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. 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. For First Solar Investors BP will invest $200 million in Lightsource over three years for a 43% stake in the business. 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. 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. 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. 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. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. Brazil is a massive market with huge potential. 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 has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. 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 . Read story 28 Feb, 2023 BP undoubtedly lends its global scale, built up over more than a century, to the partnership, opening doors and sharing its knowledge of operating in territories covering the US, India, Europe and the Middle East. Our Standards: The Thomson Reuters Trust Principles. 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. 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. We are using cookies to give you the best experience on our website. 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. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. 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. The BP partnership has definitely given our whole team confidence, Brooks says. The modules, scheduled. Lightsource bp Renewable Energy Investments Limited. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). There is going to be a huge amount of capital flow into new business models, he predicts. 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. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. When I think about how weve grown as a company, its very, very different to just adding megawatts we have also added great talent and continued to mature and innovate for clients and other stakeholders to stay ahead of the competition, says Brooks. You can find out more about which cookies we are using or switch them off in settings. 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. (Loading), USD