You've accepted analytics cookies. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Choose a career where you are empowered to change the world! Oversee onboarding of new facilities. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. This website uses cookies so that we can provide you with the best user experience possible. 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. Find out more about our sustainability strategy and initatives. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. 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. We are using cookies to give you the best experience on our website. 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.. About Lightsource bp You've rejected analytics cookies. 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. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. 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. A year ago, Lightsource was the established solar leader in Europe. (), USD 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. Here are some examples of how we performed in 2021. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. 2023 Lightsource. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. 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. Lightsource bp Renewable Energy Investments Limited. 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. Our team includes over 500 industry specialists, working across 15 countries. You should not place undue reliance on these forward-looking statements. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . 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. 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. We know many ways in which to finance projects and understand the market for financing very differently.. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. BP p.l.c. 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. 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 . 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. Modern Slavery And Human Trafficking Statement. Doubling adjusted EBITDA, sustaining returns, focused on customers. 2023 Lightsource. Choose a career where you are empowered to change the world! 2.2 MB. All quotes delayed a minimum of 15 minutes. 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 . 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. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. 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. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. 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. pdf / You can find out more about which cookies we are using or switch them off in settings. 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. About First Solar, Inc. 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. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. BPs shares linger near 25-year lows after it halved its dividend in August. ()*, GBp We work with businesses and communities around the world to deliver low-carbon solar energy projects. You must click the activation link in order to complete your subscription. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Post Online Media. 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. 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. 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. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. 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. All rights reserved. They have a combination of technologies that effectively allows them to deliver for customers in different jurisdictions. ($1 = 0.7660 pounds) (Reporting by Ron Bousso; editing by Emelia Sithole-Matarise). We use some essential cookies to make our services work. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. The modules, scheduled. Brazil is a massive market with huge potential. After all, 2017 was also the year in which renewable power grew by almost 20% higher than the 10-year average led by solar energy. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. We power businesses and communities across the US with clean and affordable energy solutions. 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. We have always been driven, and our partnership with BP is a great enabler. Delivered by Investis. 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. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. You can sign up for additional alert options at any time. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. Lightsource bp Renewable Energy Investments Limited. Lightsource bp has agreed to procure up to 4.3GWDC of modules for its US utility-scale projects, and bp will procure up to 1.1GWDC to power their projects being developed by Lightsource bp. is the parent company of the bp group of companies. GBp Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. (), USD As a leading global solar developer and bp partner, we are rapidly scaling-up to help meet the rising demand for reliable electricity, while supporting the global energy transition to net zero. This website uses cookies so that we can provide you with the best user experience possible. 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. For First Solar Investors Group Results Fourth Quarter and Full Year 2019 Highlights. Back Submit . Procurement agreement with US-based manufacturer. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. 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. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. November:expansion into Italy, Iberia and Brazil is announced. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. It is not even the beginning of the end. First Solar, Inc. (NASDAQ: FSLR) today announced that global solar leader, Lightsource bp has placed an order for 4 gigawatts (GW)DC of advanced thin film solar modules. 8.3 MB. We use cookies to collect and analyse information on our site's performance and to enable the site to function. At Lightsource bp, weve been developing utility-scale solar projects since 2010. The company and each of its subsidiaries are separate legal entities. Lightsource bp Renewable Energy Investments Limited. *Market data delayed by 20 minutes. 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. Lightsource bp is a global leader in utility-scale solar development and management. Our team includes over 500 industry specialists, working across 15 countries. We represent the opposite of that.. The full details of our Gender Pay Gap Report 2018 can be found here. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. Lightsource bp is a global leader with local impact. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. 2023 Lightsource. Where we refer to the company, we mean BP p.l.c. You can change your cookie settings at any time. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. 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. This website uses cookies so that we can provide you with the best user experience possible. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. (Loading)*. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. 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. Lightsource bp is an international solar business. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . 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. You can find out more about which cookies we are using or switch them off in settings. With smaller pockets, comes a different approach. There is going to be a huge amount of capital flow into new business models, he predicts. 602-414-9315, Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of First Solar Modules, Western Hemispheres largest solar manufacturing footprint. 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 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. Find out more about us and how were working together to create a sustainable energy future for us all. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. In August 2021 Lightsource bp signed a new power purchase agreement with McDonald's and eBay for a 345MW solar project under development in Louisiana. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. The new facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the companys Northwest Ohio footprint to a total annual capacity of 6GW, which is believed to make it the largest fully vertically integrated solar manufacturing complex outside of China. 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. 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. 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. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. 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 . April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. It is just the start for us in Latin America, Souflis adds. 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 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. 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. 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. 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. 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. November:contracts are signed for 25MW of solar power in Western US. 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. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. 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. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. Lightsource BP, a global solar company in which oil major BP has a 50 percent stake, has begun commercial operation of its largest solar project located in North Texas. 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. First Solar Investor Relations 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. Our Standards: The Thomson Reuters Trust Principles. 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. investor@firstsolar.com This website uses cookies so that we can provide you with the best user experience possible. (Loading), USD Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. Home, Britoil, Lightsource BP, Llandarcy. In a statement Thursday, Lightsource bp which oil. 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. The companys primary share listing is the London Stock Exchange. Ordinary shares are ordinary fully paid shares in BP p.l.c. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. All rights reserved. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. 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. 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. And the next big steps are bigger projects and more volume. Every region receives a tailored approach and is managed by a local team. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. November of 1 each. For more information on bp in the US, visit www.bp.com/us. (Loading)*. LSbp's first site produced just 0.7 megawatts (MW) of solar power.
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