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. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. 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? 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 solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. All rights reserved. Lightsource bp | LinkedIn At Lightsource BP we firmly believe in the importance of a diverse, supportive, equality-driven work force, and were proud of everything weve done to create one. 2023 Lightsource. *Market data delayed by 20 minutes. 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. Lightsource bp turns 10 | News and insights | Home Our team includes over 500 industry specialists, working across 15 countries. But many BP investors have cast doubts over BPs vow that the renewables business could generate returns of 8% to 10%, higher than the sectors average of 5% to 6% in order to maintain and even grow shareholder payouts. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. Delivered by Investis. Home | Lightsource bp Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. It is just the start for us in Latin America, Souflis adds. Our sector is fundamentally about financing. Lightsource bp and bp have signed a multi-year agreement for up to 5.4 gigawatts of First Solar modules to be delivered between 2023 and 2025 (Photo: Lightsource bp) Order includes up to 4.3GW for . The project will be the largest solar project in the state and will help McDonald's and eBay meet their sustainability goals and advance their commitment to climate action. 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. 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. BP are able to deliver more than just solar. (Loading), USD 8.3 MB. Lightsource BP - Wikipedia The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. 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. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. Global leader in responsible solar development | Lightsource bp US 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. When it joined RE100 in 2020, First Solar committed to powering 100 percent of its global manufacturing operations with renewable energy by 2028, with an interim goal of transitioning its facilities in the US to carbon-free electricity by 2026. LSbp's first site produced just 0.7 megawatts (MW) of solar power. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 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. Our purpose is to deliver affordable and sustainable solar. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. The company and each of its subsidiaries are separate legal entities. Report this post Report Report. Earlier this year, First Solar announced that it will invest $680 million to expand Americas domestic PV solar manufacturing capacity by 3.3GW annually, by building its third US manufacturing facility, in Lake Township, Ohio. Lightsource bp today announced it has closed on a $533 million multiproject financing package for its 345-megawatt Ventress Solar project 30 miles northwest of Baton Rouge in Pointe Coupee Parish. 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. 2023 Lightsource. 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. Lightsource bp Financials | Craft.co The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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. (), USD The BP partnership has definitely given our whole team confidence, Brooks says. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. We are using cookies to give you the best experience on our website. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. pdf / August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. 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. The full details of our Gender Pay Gap Report 2018can be found here. Lightsource bp Closes Financing Package and Mobilizes Construction on In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. 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. For First Solar Investors 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. Home - Lightsource bp * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. Where we refer to the company, we mean BP p.l.c. 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. The companys primary share listing is the London Stock Exchange. 2018, The BP partnership has definitely given our whole team confidence. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. Lightsource bp Renewable Energy Semiconductor Manufacturing . Brazil is a massive market with huge potential. 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. 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. 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. Contact info@lightsourcebp.com SOCIAL RESOURCES 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. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. 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. You can find out more about which cookies we are using or switch them off in settings. of 1 each. November Assist in contract negotiation and. is the parent company of the bp group of companies. farmers and ranchers face increasing economic stress. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Lightsource bp | What we do | Home - United States Lightsource bp to partner with Dourogs on green hydrogen projects - CNBC Legal notice in relation to the material on this page. 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. 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. 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. 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.. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. GBp 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. Interview with Emilie Wangerman, Senior VP, Head of Business
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