November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. Interview with Emilie Wangerman, Senior VP, Head of Business Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Lightsource and BP Join Forces to Drive Growth in Solar Power DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. This is where we come in. It makes good business sense, too. 382.4 KB, pdf / Our sector is fundamentally about financing. 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. You can find out more about which cookies we are using or switch them off in settings. 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. First Solar Investor Relations You can find out more about which cookies we are using or switch them off in settings. 2005 BP Alternative Energy Is Launched, from the Deep Sea to the Desert, from Rigs to Retail, Charging Company, Energy with Purpose Means Helping the World Reach Net Zero, BP Plc Group Results Second Quarter and Half Year 2020(A), Exxon Mobil Corp., Exxonmobil Oil Index No, The Forces Maintaining Fossil Fuel Dependence in the Age of Electric, Financial Institutions with a Full Business Law Service, BP P.L.C. BP returns to solar with investment in Lightsource | Reuters 2.2 MB. 2023 Lightsource. Lightsource bp is an international solar business. Lightsource bp turns 10 | News and insights | Home But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Our Standards: The Thomson Reuters Trust Principles. Partnerships are a key part of our approach, enabling better and faster utilization of our network. 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. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. 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. 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. Lightsource bp Renewable Energy Investments Limited. 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. The modules, scheduled. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. 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. of 1 each. Home | Lightsource bp Solar projects already meet BP's profit goals, Lightsource BP says All rights reserved. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. 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.. You can find out more about which cookies we are using or switch them off in settings. bps finances are strong and resilient. Lightsource bp is a global leader in utility-scale solar development and management. 2023 Lightsource. 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. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. 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.. BP International Limited. 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. Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of 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. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. 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? Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. Lightsource bp Renewable Energy Investments Limited. Brooks has a Winston Churchill quote in mind: Now, this is not the end. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. Oversee onboarding of new facilities. Back Submit . The BP partnership has definitely given our whole team confidence, Brooks says. 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. November:contracts are signed for 25MW of solar power in Western US. The brand gives us a credibility that it would take 30 years to develop on our own. 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. 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. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Global leader in responsible solar development | Lightsource bp US 2023 Lightsource. 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. Sustainability is at our core. 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. Lightsource bp launches Bighorn Solar project in Colorado - bp global 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. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. With smaller pockets, comes a different approach. GBp Lightsource bp | What we do | Home - United States 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. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. High-grading our portfolio, lowering our emissions and driving returns. Lightsource bp Renewable Energy Investments Limited. 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. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. The deal on the Lightsource deal | News and insights | Home - bp global Weve made a number of new hires across the Group, and the number of women in higher paying roles has increased, which is something were very proud of. 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 . See here for a complete list of exchanges and delays. 264.7 KB. 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. 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. We recognise that the rising need for energy must be met through sustainable sources. It is not even the beginning of the end. We are using cookies to give you the best experience on our website. That's enough to power approximately 86,000 homes in New South Wales. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. Read story 28 Feb, 2023 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. 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. We power businesses and communities across the US with clean and affordable energy solutions. Doubling adjusted EBITDA, sustaining returns, focused on customers. are on pages 282-336. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. (), USD You can change your cookie settings at any time. We are growing at pace and scale, going beyond business as usual, to act as an enabler of the energy transition and meet this rising demand for sustainable energy with the urgency it deserves.
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