The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. 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. 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. 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. Here are some examples of how we performed in 2021. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Choose a career where you are empowered to change the world! For First Solar Investors 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. 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. 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. We are using cookies to give you the best experience on our website. We know many ways in which to finance projects and understand the market for financing very differently.. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. You should not place undue reliance on these forward-looking statements. Annual report | Investors | Home - bp global For more information please visit www.lightsourcebp.com. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. November:expansion into Italy, Iberia and Brazil is announced. 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. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. The company and each of its subsidiaries are separate legal entities. 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. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. If you experience any issues with this process, please contact us for further assistance. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. Building scale with capital discipline and returns focus. This is where we come in. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp and bp will benefit from the evolution of First Solars advanced Cadmium Telluride (CadTel) thin film module technology platform over the span of the agreement. 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. BP returns to solar with investment in Lightsource | Reuters Lightsource bp is an international solar business. 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. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. 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. This website uses cookies so that we can provide you with the best user experience possible. New Mexico 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. Brazil is a massive market with huge potential. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. The modules, scheduled. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. COLUMBUS, Ohio-- ( BUSINESS WIRE )--Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon's. 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. This website uses cookies so that we can provide you with the best user experience possible. 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. You can change your cookie settings at any time. 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. pdf / 8.3 MB. 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 companys primary share listing is the London Stock Exchange. Helge Lund, chair Chair's letter pdf / 264.7 KB You must click the activation link in order to complete your subscription. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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. We recognise that the rising need for energy must be met through sustainable sources. 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 gets financing for massive Pointe - Business Report The former Goldman Sachs principal and investor went from finance to an operating business because: I have an enormous personal conviction about the energy transition and the ability to have a real impact.. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! 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. 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. 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. 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 and BP Join Forces to Drive Growth in Solar Power In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. 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. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. 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. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. 2023 Lightsource. Lightsource bp is a global leader in utility-scale solar development and management. This is exactly the type of energy we want to develop and deliver as we continue to build out our renewable pipeline and ultimately strengthen confidence in our target of delivering 20GW of developed renewables by 2025.. Home - Lightsource bp Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. Lightsource BP: one year on and going global Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. 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. 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. 264.7 KB. 382.4 KB, pdf / The BP partnership has definitely given our whole team confidence, Brooks says.

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