The full details of our Gender Pay Gap Report 2018can be found here. Lightsource bp gets financing for massive Pointe - Business Report All rights reserved. We power businesses and communities across the US with clean and affordable energy solutions. About First Solar, Inc. You can find out more about which cookies we are using or switch them off in settings. 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. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. Home | Lightsource bp BP p.l.c. 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. Lightsource bp Renewable Energy Semiconductor Manufacturing . Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. 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. Choose a career where you are empowered to change the world! 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. Here are some examples of how we performed in 2021. Read more about supporting local communities, Procurement agreement with US-based manufacturer. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. BP International Limited. When I think about how weve grown as a company, its very, very different to just adding megawatts we have also added great talent and continued to mature and innovate for clients and other stakeholders to stay ahead of the competition, says Brooks. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. At Lightsource bp, weve been developing utility-scale solar projects since 2010. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . 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. Every region receives a tailored approach and is managed by a local team. 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. 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 / 2.2 MB. News & insights | Lightsource bp Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. It is a key element in BP CEO Bernard Looneys plan to grow BPs renewable power generation capacity 20-fold by 2030 to 50 GW from solar and wind power. (), USD Lightsource BP starts operating massive solar project in North Texas The full details of our Gender Pay Gap Report 2018 can be found here. Interview with Emilie Wangerman, Senior VP, Head of Business First Solar Investor Relations 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. 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. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. *Market data delayed by 20 minutes. All rights reserved. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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. Partnerships are a key part of our approach, enabling better and faster utilization of our network. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. ()*, GBp This website uses cookies so that we can provide you with the best user experience possible. 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. We continue to grow teams, partnerships and projects throughout the world. 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, like rivals including Frances Total , sees further opportunities for profits from selling solar and wind power projects it had developed from early stages. 2023 Lightsource. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. Assist in contract negotiation and. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. February 27, 2023. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. (Loading)*. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 8.3 MB. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. Lightsource bp pays for the first $800 of the monthly insurance premium. Senior Manager O&M, United States - Lightsource bp - LinkedIn This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 260MW of affordable, clean and locally generated electricity for Texas communities. You should not place undue reliance on these forward-looking statements. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Our growth has been in maturing the organization and getting into a strong operating position for next year. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. We are using cookies to give you the best experience on our website. Choose a career where you are empowered to change the world! You've accepted analytics cookies. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The BP partnership has definitely given our whole team confidence, Brooks says. 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. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. BP International Limited ANNUAL REPORT and FINANCIAL Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. Lightsource Bp Renewable Energy Investments Limited 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. 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. 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. GBp Brazil is a massive market with huge potential. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. We use some essential cookies to make our services work. We are using cookies to give you the best experience on our website. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. Lightsource BP is a British company with headquarters in London, and offices in Madrid, Milan, Athens, San Francisco, Philadelphia, Mumbai, New Delhi, Cairo, Melbourne, Amsterdam, Bath, Belfast and Dublin. We power businesses and communities across the US with clean and affordable energy solutions. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. You can sign up for additional alert options at any time. 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. 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 . (Loading), USD 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. 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. 'The potential for solar is huge': future looks bright for Lightsource BP Read story Prev 1 2 Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. There is going to be a huge amount of capital flow into new business models, he predicts. are on pages 282-336. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. 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. 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. These factors include, but are not limited to, the matters discussed under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations of our most recent Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q, as supplemented by our other filings with the Securities and Exchange Commission. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. We know many ways in which to finance projects and understand the market for financing very differently.. of 25 cents each. A year ago, Lightsource was the established solar leader in Europe. 2023 Lightsource. In order to advance our purpose and ambition, we have identified three strategic focus areas, and weve set targets and aims against these out to 2025 and 2030. If you experience any issues with this process, please contact us for further assistance. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. Lightsource bp is an international solar business. 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. 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. Helge Lund, chair Chair's letter pdf / 264.7 KB 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. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. Solar Energy UK, the UKs solar trade association, has shone a light on new research that suggests that solar farms can contribute positively to food security. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). 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. 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. You must click the activation link in order to complete your subscription. Lightsource bp Renewable Energy Investments Limited. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. We work with businesses and communities around the world to deliver low-carbon solar energy projects. 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 | What we do | Home - United States But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. 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. This website uses cookies so that we can provide you with the best user experience possible. Discover how we are creating a positive impact across energy, the environment and our people. The parent company financial statements of BP p.l.c. Solar projects already meet BP's profit goals, Lightsource BP says New Mexico 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. The companys primary share listing is the London Stock Exchange. Report this post Report Report. The company and each of its subsidiaries are separate legal entities. 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. BP and Lightsource announced the partnership in December. Oversee onboarding of new facilities. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. Lightsource and bp celebrate five-year anniversary Read story 01 Mar, 2023 Lightsource bp will promote the development of 19 solar projects, involving an investment of 1.2 billion Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. The brand gives us a credibility that it would take 30 years to develop on our own. Our sector is fundamentally about financing. 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. That's enough to power approximately 86,000 homes in New South Wales. 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 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.. Annual Gender Pay Gap Report Published in the UK | Lightsource bp Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. Energy Outlook 2023 considers the recent disruption to global energy supplies and associated impacts on global prices, and explores how this could affect the energy transition out to 2050. About Lightsource bp You've rejected analytics cookies. 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. And the next big steps are bigger projects and more volume. 2018, The BP partnership has definitely given our whole team confidence. 2023 Lightsource. 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. Our team includes over 500 industry specialists, working across 15 countries. 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. 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. 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. The anniversary of BP's investment in Europe's largest solar developer is coinciding with its announcement of expansion into Brazil, the latest step in the company's growing global footprint As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europe's largest solar developer. 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.