Group Results Fourth Quarter and Full Year 2019 Highlights. Legal notice in relation to the material on this page. 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 and bp will benefit from the evolution of First Solars advanced Cadmium Telluride (CadTel) thin film module technology platform over the span of the agreement. You've rejected analytics cookies. Discover how we are creating a positive impact across energy, the environment and our people. You can change your cookie settings at any time. If you experience any issues with this process, please contact us for further assistance. Assist in contract negotiation and. 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 Renewable Energy Investments Limited. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Report this post Report Report. Lightsource and bp celebrate five-year anniversary Read story 01 Mar, 2023 Lightsource bp will promote the development of 19 solar projects, involving an investment of 1.2 billion Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. For more information please visit www.lightsourcebp.com. 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.. Lightsource and bp celebrate five-year anniversary. Estimated to abate 204,000 metric tons of carbon dioxide (CO2) emissions each year, equivalent to annual emissions from about 44,000 fuel burning cars. We power businesses and communities across the US with clean and affordable energy solutions. 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. BATON ROUGE, La.-- ( BUSINESS WIRE )--Lightsource bp has successfully closed on a $533 million multi-project financing package and mobilized construction on its 345 megawatt (dc) Ventress Solar. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . Our employees are drivers of our success, as is our status as a fair employee with a track record of gender equity in hiring and compensation. You've accepted analytics cookies. 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. Read more about supporting local communities, Procurement agreement with US-based manufacturer. BP are able to deliver more than just solar. 2023 Lightsource. The company and each of its subsidiaries are separate legal entities. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Oversee onboarding of new facilities. Construction on this project commenced in December 2019. (Loading), USD , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Building scale with capital discipline and returns focus. We use some essential cookies to make our services work. "Reliability is super-important, too this is a young industry, so its like a gold rush, with new players coming into the market who want to flip things quickly. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. You can find out more about which cookies we are using or switch them off in settings. You can sign up for additional alert options at any time. 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. 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. (), USD See here for a complete list of exchanges and delays. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. 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. 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. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 BPs shares linger near 25-year lows after it halved its dividend in August. A year ago, Lightsource was the established solar leader in Europe. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. It is just the start for us in Latin America, Souflis adds. The full details of our Gender Pay Gap Report 2018 can be found here. That's enough to power approximately 86,000 homes in New South Wales. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. BP and Lightsource announced the partnership in December. Lightsource bp pays for the first $800 of the monthly insurance premium. Lightsource bp Renewable Energy Investments Limited. 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. Sustainability is integrated into our business strategy and operating model at every level. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana 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. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. The full details of our Gender Pay Gap Report 2018can be found here. 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. 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 / 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. 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). 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. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. For more information on bp in the US, visit www.bp.com/us. 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. TEMPE, Ariz., Nov. 22, 2021 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) today announced that global solar leader Lightsource bp and integrated energy company bp have placed multi-year orders for up to 5.4 gigawatts (GW) combined of First Solars advanced, ultra-low carbon thin film photovoltaic (PV) solar modules. This website uses cookies so that we can provide you with the best user experience possible. 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. Home, Britoil, Lightsource BP, Llandarcy. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. The Material does not (i) form part of the bp Annual Report and, pdf / 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. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. We are using cookies to give you the best experience on our website. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. (Loading), USD Lightsource bp Renewable Energy Semiconductor Manufacturing . We are using cookies to give you the best experience on our website. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. Lightsource bp is a global leader in utility-scale solar development and management. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. 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. 382.4 KB, pdf / 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. February 27, 2023. All rights reserved. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. 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? 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. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. 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. 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. 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. Our growth has been in maturing the organization and getting into a strong operating position for next year. Find out more about our sustainability strategy and initatives. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. 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. are on pages 282-336. ()*, GBp 2018, The BP partnership has definitely given our whole team confidence. It is not even the beginning of the end. 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. 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. 8.3 MB. November 2023 Lightsource. You must click the activation link in order to complete your subscription. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. is the parent company of the bp group of companies. 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. 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. 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? The BP partnership has definitely given our whole team confidence, Brooks says. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. 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. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. 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. Lightsource bp is an international solar business. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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 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. 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 recognise that the rising need for energy must be met through sustainable sources. in 2001. 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 . Modern Slavery And Human Trafficking Statement. Lightsource bp Renewable Energy Investments Limited. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. Our team includes over 500 industry specialists, working across 15 countries. Read story 28 Feb, 2023 The parent company financial statements of BP p.l.c. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy.