We use cookies to collect and analyse information on our site's performance and to enable the site to function. Delivered by Investis. 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. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. As the first person on the ground when entering a new territory, he has found that, over the past year, the BP name has opened a lot of doors. Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of We recognise that the rising need for energy must be met through sustainable sources. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. 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. Lightsource bp Renewable Energy Investments Limited. 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 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. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. 8.3 MB. 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. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Find out more about us and how were working together to create a sustainable energy future for us all. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. Actual results may differ materially from those expressed in such statements depending on a variety of factors. You must click the activation link in order to complete your subscription. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! Lightsource bp is a global leader in utility-scale solar development and management. "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 project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. It is not even the beginning of the end. Construction on this project commenced in December 2019. This website uses cookies so that we can provide you with the best user experience possible. 260MW of affordable, clean and locally generated electricity for Texas communities. 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. 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). 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. The full details of our Gender Pay Gap Report 2018 can be found here. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. Delivered by Investis. 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, 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. We are using cookies to give you the best experience on our website. LSbp's first site produced just 0.7 megawatts (MW) of solar power. And the next big steps are bigger projects and more volume. You can sign up for additional alert options at any time. Senior Manager O&M, United States - Lightsource bp - LinkedIn 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. 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. 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. 2023 Lightsource. BP returns to solar with investment in Lightsource | Reuters If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. You can change your cookie settings at any time. With smaller pockets, comes a different approach. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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. You can change your cookie settings at any time. 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. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . 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. The Material may contain certain forward-looking statements, forecasts or projections with respect to the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. 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. We work with businesses and communities around the world to deliver low-carbon solar energy projects. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. 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. You should not place undue reliance on these forward-looking statements. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. 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. A year ago, Lightsource was the established solar leader in Europe. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 264.7 KB. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. Report this post Report Report. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Lightsource bp Closes Financing Package and Mobilizes Construction on You can find out more about which cookies we are using or switch them off in settings. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. 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. 2018, The BP partnership has definitely given our whole team confidence. We use some essential cookies to make our services work. 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, rebranded from Lightsource Renewable Energy in 2018, is the largest solar developer in Europe, and third largest in the world outside of China. December 2022 marks five years since bp and Lightsource entered into a partnership to become Lightsource bp a 50:50 joint venture between the companies. This website uses cookies so that we can provide you with the best user experience possible. 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. The brand gives us a credibility that it would take 30 years to develop on our own. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. We have always been driven, and our partnership with BP is a great enabler. Lightsource and bp celebrate five-year anniversary. 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?
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