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For First Solar Investors In 2021 we started up two major projects in the US Gulf of Mexico, where we plan to grow our oil and gas production to around 400mboe/d net by the mid-2020s, We are accelerating our electric vehicle (EV) charging ambition across key growth markets, through a focus on on-the-go charging and fleets. 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. November:expansion into Italy, Iberia and Brazil is announced. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. Lightsource bp Renewable Energy Investments Limited. Lightsource bp Signs Power Contract With Amazon for a New 375 Megawatt Doubling adjusted EBITDA, sustaining returns, focused on customers. 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. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. We power businesses and communities across the US with clean and affordable energy solutions. See here for a complete list of exchanges and delays. All rights reserved. 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. Modern Slavery And Human Trafficking Statement. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. BP and Lightsource announced the partnership in December. 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. The full details of our Gender Pay Gap Report 2018 can be found here. Here are some examples of how we performed in 2021. Helge Lund, chair Chair's letter pdf / 264.7 KB 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. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. These provide the basis for a common set of enduring objectives for bp as we transform the organization consistent with the long-term energy transition. 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 Semiconductor Manufacturing . solar projects developed worldwide to date, US solar projects in construction or operations, USD project financing raised in the US since 2019, Executed US power contracts with clients in 11 states. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. BP International Limited ANNUAL REPORT and FINANCIAL Sustainability is at our core. All rights reserved. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. 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. Lightsource and bp celebrate five-year anniversary. 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. Our team includes over 500 industry specialists, working across 15 countries. 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. Annual report | Investors | Home - bp global Choose a career where you are empowered to change the world! Lightsource bp to partner with Dourogs on green hydrogen projects - CNBC 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. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. 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. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. Home | Lightsource bp 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. The full details of our Gender Pay Gap Report 2018can be found here. You can find out more about which cookies we are using or switch them off in settings. Lightsource bp is a global leader with local impact. 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 purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. A year ago, Lightsource was the established solar leader in Europe. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. Delivered by Investis. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. 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. 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. You can find out more about which cookies we are using or switch them off in settings. 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. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. 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. 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. 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. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. 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 | LinkedIn 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. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. 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'd also like to use analytics cookies so we can understand how you use our services and to make improvements. This website uses cookies so that we can provide you with the best user experience possible. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. The brand gives us a credibility that it would take 30 years to develop on our own. 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. 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. It makes good business sense, too. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Our growth has been in maturing the organization and getting into a strong operating position for next year. We are using cookies to give you the best experience on our website. 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. Read story 28 Feb, 2023 For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. We know many ways in which to finance projects and understand the market for financing very differently.. GBp This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. 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. 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. Assist in contract negotiation and. ()*, GBp Actual results may differ materially from those expressed in such statements depending on a variety of factors. Our purpose is to deliver affordable and sustainable solar. The BP partnership has definitely given our whole team confidence, Brooks says. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. 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. 264.7 KB. Lightsource bp Renewable Energy Investments Limited. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria.