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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. 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. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. At Lightsource bp, weve been developing utility-scale solar projects since 2010. 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? 264.7 KB. BP and Lightsource announced the partnership in December. 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 Here are some examples of how we performed in 2021. Oversee onboarding of new facilities. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. Were delighted that bp and Lightsource bp have placed their trust in us and our technology to help power their growth in the United States.. 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. We are using cookies to give you the best experience on our website. We are using cookies to give you the best experience on our website. As we continue to grow and progress our 10GW development pipeline across America, in addition to our partner bps 9GWs, executing significant long-term procurement agreements with bankable, world class suppliers like First Solar enables us to deliver on our growth plans and industry-leading global target of 25GW of solar by 2025. 260MW of affordable, clean and locally generated electricity for Texas communities. You can find out more about which cookies we are using or switch them off in settings. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Lightsource bp pays for the first $800 of the monthly insurance premium. 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. Read story 28 Feb, 2023 2.2 MB. These modules are a critical step in delivering our 9GW solar pipeline that will provide affordable energy, create jobs, bolster the supply chain and deliver the type of returns our investors expect. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. pdf / First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. 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. 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. Doubling adjusted EBITDA, sustaining returns, focused on customers. We continue to grow teams, partnerships and projects throughout the world. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. 2018, The BP partnership has definitely given our whole team confidence. 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 . Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. And, if youre confident, you can put your head down and deliver. BP p.l.c. You can find out more about which cookies we are using or switch them off in settings. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. This website uses cookies so that we can provide you with the best user experience possible. It is a key element in BP CEO Bernard Looneys plan to grow BPs renewable power generation capacity 20-fold by 2030 to 50 GW from solar and wind power. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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 more about supporting local communities, Procurement agreement with US-based manufacturer. Read story Prev 1 2 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. In a statement Thursday, Lightsource bp which oil. And the next big steps are bigger projects and more volume. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. 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. Weve just released our second annual Gender Pay Gap Report, which covers our gender differences in terms of population, pay and bonus levels from March 2017 to March 2018. 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. Our purpose is to deliver affordable and sustainable solar. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Procurement agreement with US-based manufacturer. 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. 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. The Directors remuneration report is on pages 116-141. 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. It makes good business sense, too. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. Information in the bp Annual Report and Form 20-F 2021 reflects 100% of the assets and operations of the company and its subsidiaries that were consolidated at the date or for the periods indicated, including non-controlling interests. All rights reserved. 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. 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. A year ago, Lightsource was the established solar leader in Europe. Find out more about our sustainability strategy and initatives. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. (Loading)*. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. Our Standards: The Thomson Reuters Trust Principles. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. For more information on bp in the US, visit www.bp.com/us. 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. "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. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. Construction on this project commenced in December 2019. It, however, recorded an operating loss of 24.5 million pounds in 2019 compared with a 15 million pound loss a year earlier, as a result of higher investments in new projects. 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. Energy Outlook 2023 considers the recent disruption to global energy supplies and associated impacts on global prices, and explores how this could affect the energy transition out to 2050. 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. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. 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. Helge Lund, chair Chair's letter pdf / 264.7 KB 2023 Lightsource. Choose a career where you are empowered to change the world! Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. 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. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. All rights reserved. We are using cookies to give you the best experience on our website. The bp Annual Report and Form 20-F 2021 available for download on this webpage constitutes the Annual Report and Accounts in accordance with UK requirements and the Annual Report on Form 20-F in accordance with the US Securities Exchange Act of 1934, for BP p.l.c. Lightsource and bp celebrate five-year anniversary. BPs shares linger near 25-year lows after it halved its dividend in August. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. It is just the start for us in Latin America, Souflis adds. 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. The full details of our Gender Pay Gap Report 2018 can be found here. 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. We know many ways in which to finance projects and understand the market for financing very differently.. This is where we come in. farmers and ranchers face increasing economic stress. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. Brazil is a massive market with huge potential. *Market data delayed by 20 minutes. Find out more about us and how were working together to create a sustainable energy future for us all. We believe that sustainability and social responsibility are crucial for long-term business success and this is embedded within our business model, holding us accountable to those principles. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. 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. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. Partnerships are a key part of our approach, enabling better and faster utilization of our network. 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. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. 8.3 MB. BP are able to deliver more than just solar. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Home, Britoil, Lightsource BP, Llandarcy. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. Group Results Fourth Quarter and Full Year 2019 Highlights. 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. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity.