lightsource bp annual report

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. 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. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. After submitting your request, you will receive an activation email to the requested email address. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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) Read story 28 Nov, 2022 COP 27: Meet the Lightsource bp delegation The rapid deployment of solar power on a vast scale is essential to limit global warming to 1.5C. For First Solar Investors Read story Prev 1 2 All rights reserved. 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. The previous year, we reported a gap of 1.2% in favour of men (compared to the UK mean, which was 17.4% according to ONS), and this year our mean gender pay gap is 6%, in favour of women. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. 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. 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. Where we refer to the company, we mean BP p.l.c. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. 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. 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. BP <BP.L> is getting back into solar power six years after its first, failed foray, with a $200 million investment in solar generator Lightsource that the oil and gas firm expects will deliver . ()*, GBp The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. 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. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. You can find out more about which cookies we are using or switch them off in settings. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. We recognise that the rising need for energy must be met through sustainable sources. The US solar industry is at an important inflection point where it must continue the charge towards delivering 45% of our countrys electricity by 2050 while addressing the risks and uncertainty posed by increasingly volatile solar panel production, pricing, and supply, said Georges Antoun, chief commercial officer, First Solar. The companys primary share listing is the London Stock Exchange. That's enough to power approximately 86,000 homes in New South Wales. Assist in contract negotiation and. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. 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 . 8.3 MB. 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. Lightsource and bp celebrate five-year anniversary. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. As part of the deal, Lightsource bp and bp have placed firm orders for approximately 4.4GWDC of modules, with options for an additional 1GWDC. You can find out more about which cookies we are using or switch them off in settings. You should not place undue reliance on these forward-looking statements. There is going to be a huge amount of capital flow into new business models, he predicts. LSbp's first site produced just 0.7 megawatts (MW) of solar power. For more information please visit www.lightsourcebp.com. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. Sustainability is integrated into our business strategy and operating model at every level. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. investor@firstsolar.com Lightsource bp Renewable Energy Investments Limited. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. These forward-looking statements include, but are not limited to, statements concerning (i) the framework agreement to supply up to 5.4 gigawatts (GW)DC of solar modules to bp and Lightsource bp, (ii) an MoU with bp and Lightsource bp to explore opportunities to source solar electricity from generation assets owned by the two companies in the United States, (iii) First Solars plans to establish new factories in the United States and India and the expected capacities of those factories, and (iv) when those factories will commence operations and the companys resulting global manufacturing footprint. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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. 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. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. For more information on bp in the US, visit www.bp.com/us. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. 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. We are using cookies to give you the best experience on our website. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). 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. bps finances are strong and resilient. 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. We build, own and operate cost-effective, clean energy projects, and are dedicated to pushing the frontiers of solar and storage solutions, backed by world-class execution capabilities. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. About bp 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. Forward-looking statements are only predictions based on our current expectations and our projections about future events and therefore speak only as of the date of this release. Our success is built on more than just our solar projects. 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. If you experience any issues with this process, please contact us for further assistance. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . 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. 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. Choose a career where you are empowered to change the world! 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. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. November:expansion into Italy, Iberia and Brazil is announced. (Loading)*. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. We use some essential cookies to make our services work. 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. bp is Americas largest energy investor since 2005, investing more than $130 billion in the economy and supporting about 230,000 additional jobs through its business activities. The ability to bring base load is something that a trading operation like BPs can deliver, Lightsource BP chief operating officer and co-founder Kareen Boutonnat said. Delivered by Investis. The bp Annual Report and Form 20-F 2021 contains the Strategic report on the inside front cover and pages 1-80 and the Directors report on pages 81-115, 116 (in part only), 142-143, 254-281 and 337-388. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. The modules, scheduled. Our sector is fundamentally about financing. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. 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. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. Lightsource bp Renewable Energy Investments Limited. 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. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. 2023 Lightsource. 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. We power businesses and communities across the US with clean and affordable energy solutions. The brand gives us a credibility that it would take 30 years to develop on our own. Led by Emilie Wangerman, Lightsource bp's business development team supported bp in acquiring an additional 9 GW pipeline of projects from 7X Energy, Inc., which will be exclusively developed by Lightsource bp's U.S. team. 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. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. About First Solar, Inc. Sustainability is at our core. In 1910, the steel mill, then known as The Colorado Fuel and Iron Company, employed approximately 15,000 people, or about one-tenth of the entire Colorado workforce, according to the Colorado Encyclopedia and later was the . 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. 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. 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. 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. 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? First Solar Investor Relations Brazil has all the hallmarks of a country in which Lightsource BP can thrive. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. Were looking at assets in some parts of Europe that definitely offer double digit returns and we are also looking at assets in other parts of the world that are lower than that, he told Reuters in an interview this month. in 2001. 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. 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. 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 use cookies to make our services work and collect analytics information. 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. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 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.. 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, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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 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. High-grading our portfolio, lowering our emissions and driving returns. Lightsource bp is a global leader with local impact. 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. 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. 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 . Actual results may differ materially from those expressed in such statements depending on a variety of factors. Construction on this project commenced in December 2019. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. 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. Our team includes over 500 industry specialists, working across 15 countries. It is not even the beginning of the end. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. 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. 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. GBp farmers and ranchers face increasing economic stress. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. 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. Find out more about us and how were working together to create a sustainable energy future for us all. And, if youre confident, you can put your head down and deliver. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. 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. 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 /

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