Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. We are using cookies to give you the best experience on our website. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. 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. Group Results Fourth Quarter and Full Year 2019 Highlights. (Loading)*. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. 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. The Material does not (i) form part of the bp Annual Report and, pdf / LONDON, Oct 22 (Reuters) - Solar power developer Lightsource BP has generated returns of 10% and more on projects, its chief executive told Reuters as investors fret over joint owner BPs plan to switch away from oil and gas to renewables. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . The framework agreements, the largest in First Solars history, will provide modules scheduled to be delivered between 2023 and 2025 to support the companies solar development pipelines in the United States. November Brooks has a Winston Churchill quote in mind: Now, this is not the end. About bp Lightsource and bp celebrate five-year anniversary. November:expansion into Italy, Iberia and Brazil is announced. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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.. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Find out more about how Lightsource bp works and operates and our partnership with bp. We power businesses and communities across the US with clean and affordable energy solutions. 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. 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. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. You can find out more about which cookies we are using or switch them off in settings. GBp Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. 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. Assist in contract negotiation and. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. *Market data delayed by 20 minutes. Legal notice in relation to the material on this page. 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. 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. For more information on bp in the US, visit www.bp.com/us. 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. 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. 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. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. And, if youre confident, you can put your head down and deliver. These modules are a critical step in delivering our 9GW solar pipeline that will provide affordable energy, create jobs, bolster the supply chain and deliver the type of returns our investors expect. 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. Delivered by Investis. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. High-grading our portfolio, lowering our emissions and driving returns. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. Modern Slavery And Human Trafficking Statement. 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. 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. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. Privately-owned Lightsource BP, which develops solar projects from their earliest stages, reported a turnover of 55.3 million pounds last year, compared with 40.7 million pounds a year earlier,. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. Ordinary shares are ordinary fully paid shares in BP p.l.c. 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. Construction on this project commenced in December 2019. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. We are using cookies to give you the best experience on our website. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. pdf / Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. 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 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. We work with businesses and communities around the world to deliver low-carbon solar energy projects. 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. We are using cookies to give you the best experience on our website. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. 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. 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 utility-scale solar development and management. 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. "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. 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). in 2001. 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. *Market data delayed by 20 minutes. 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. Delivered by Investis. 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. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. Find out more about our sustainability strategy and initatives. It is not even the beginning of the end. We recognise that the rising need for energy must be met through sustainable sources. 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. 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. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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 Actual results may differ materially from those expressed in such statements depending on a variety of factors. Brazil is a massive market with huge potential. 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. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. 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. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. Partnerships are a key part of our approach, enabling better and faster utilization of our network. 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. investor@firstsolar.com (Loading), USD 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 . BP p.l.c. The 260-megawatt Impact . First Solar Investor Relations Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. 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. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. Contact info@lightsourcebp.com SOCIAL RESOURCES 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects.
