If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. BP International Limited. Modern Slavery And Human Trafficking Statement. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. Lightsource bp is a global leader in utility-scale solar development and management. 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. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. That's enough to power approximately 86,000 homes in New South Wales. Lightsource bp Renewable Energy Semiconductor Manufacturing . April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. 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. All rights reserved. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. 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. As a business we care deeply about the impact of our projects, our culture and values, and our team members. BP undoubtedly lends its global scale, built up over more than a century, to the partnership, opening doors and sharing its knowledge of operating in territories covering the US, India, Europe and the Middle East. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. bps finances are strong and resilient. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. 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. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You must click the activation link in order to complete your subscription. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. Building scale with capital discipline and returns focus. Home, Britoil, Lightsource BP, Llandarcy. 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.. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. 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 have always been driven, and our partnership with BP is a great enabler. Brazil is a massive market with huge potential. November:expansion into Italy, Iberia and Brazil is announced. GBp 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 . 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, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. New Mexico 2023 Lightsource. At Lightsource bp, weve been developing utility-scale solar projects since 2010. 2.2 MB. Group Results Fourth Quarter and Full Year 2019 Highlights. You can change your cookie settings at any time. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. 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. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. We work with businesses and communities around the world to deliver low-carbon solar energy projects. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Ordinary shares are ordinary fully paid shares in BP p.l.c. 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. Where we refer to the company, we mean BP p.l.c. 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. Lightsource bp Renewable Energy Investments Limited. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. Our growth has been in maturing the organization and getting into a strong operating position for next year. 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. *Market data delayed by 20 minutes. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. 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.. This website uses cookies so that we can provide you with the best user experience possible. You can sign up for additional alert options at any time. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 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. Back Submit . 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. 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. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. 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. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. Construction on this project commenced in December 2019. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. 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 . The parent company financial statements of BP p.l.c. November:contracts are signed for 25MW of solar power in Western US. LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity 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. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of solar projects and power sales to our clients. 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. *Market data delayed by 20 minutes. 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. For more information, please visit www.firstsolar.com. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. Oversee onboarding of new facilities. 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. You've accepted analytics cookies. 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. 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. All quotes delayed a minimum of 15 minutes. 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. 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 BP partnership has definitely given our whole team confidence, Brooks says. Find out more about how Lightsource bp works and operates and our partnership with bp. 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. 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. For more information please visit www.lightsourcebp.com. 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 / (), USD A year ago, Lightsource was the established solar leader in Europe. pdf / Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. It is just the start for us in Latin America, Souflis adds. After submitting your request, you will receive an activation email to the requested email address. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. Delivered by Investis. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. This result is much lower than the UK average (this year 8.6% in favour of men), and is largely due to the composition of our workforce. In the US, the companys securities are traded on the New York Stock Exchange (NYSE) in the form of ADSs (see page 368 of the bp Annual Report and Form 20-F 2021 for more details) and in Germany in the form of a global depositary certificate representing bp ordinary shares traded on the Frankfurt, Hamburg and Dusseldorf Stock Exchanges. Here are some examples of how we performed in 2021. 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. 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. 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. 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. There is going to be a huge amount of capital flow into new business models, he predicts. 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. BP p.l.c. Lightsource and bp celebrate five-year anniversary. 2023 Lightsource. Since late 2017, the team has developed a pipeline of more than 10 gigawatts of large-scale solar projects at various stages of development across the United States with over 2.8 gigawatts of contracted assets with clients in 11 states representing more than $2.3 billion in expected investment. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. 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. ()*, GBp 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. 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. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. And the next big steps are bigger projects and more volume. 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. 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. 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. 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. You've rejected analytics cookies. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. It makes good business sense, too. 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. Find out more about our sustainability strategy and initatives. BATON ROUGE, La.-- ( BUSINESS WIRE )--Lightsource bp has successfully closed on a $533 million multi-project financing package and mobilized construction on its 345 megawatt (dc) Ventress Solar. This website uses cookies so that we can provide you with the best user experience possible. 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.
Selenite Crystal Bracelet Benefits,
Sandos Papagayo Drinks Menu,
Articles L