Lightsource bp Renewable Energy Investments Limited. Our team includes over 500 industry specialists, working across 15 countries. A year ago, Lightsource was the established solar leader in Europe. 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. for the year ended 31 December 2021. About First Solar, Inc. 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.. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. Group Results Fourth Quarter and Full Year 2019 Highlights. For First Solar Investors A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. If you experience any issues with this process, please contact us for further assistance. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Construction on this project commenced in December 2019. 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. 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 . From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. farmers and ranchers face increasing economic stress. Legal notice in relation to the material on this page. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Read story Prev 1 2 What the two companies have in common is a shared ambition to accelerate the global low carbon transition. We use cookies to collect and analyse information on our site's performance and to enable the site to function. (Loading)*. Home, Britoil, Lightsource BP, Llandarcy. It is not even the beginning of the end. We know many ways in which to finance projects and understand the market for financing very differently.. The team is keen to get started in a country where solar is currently heavily underrepresented in the power generation mix but provides a cheaper, flexible, quick-to-deploy energy option that can be placed close to where the demand is. 2005 BP Alternative Energy Is Launched, from the Deep Sea to the Desert, from Rigs to Retail, Charging Company, Energy with Purpose Means Helping the World Reach Net Zero, BP Plc Group Results Second Quarter and Half Year 2020(A), Exxon Mobil Corp., Exxonmobil Oil Index No, The Forces Maintaining Fossil Fuel Dependence in the Age of Electric, Financial Institutions with a Full Business Law Service, BP P.L.C. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. 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. 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. 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. 260MW of affordable, clean and locally generated electricity for Texas communities. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. We have always been driven, and our partnership with BP is a great enabler. 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. Information in the bp Annual Report and Form 20-F 2021 reflects 100% of the assets and operations of the company and its subsidiaries that were consolidated at the date or for the periods indicated, including non-controlling interests. (), USD And, if youre confident, you can put your head down and deliver, 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. Lightsource bp Renewable Energy Investments Limited. are on pages 282-336. The companys primary share listing is the London Stock Exchange. The full details of our Gender Pay Gap Report 2018 can be found here. It is just the start for us in Latin America, Souflis adds. 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. 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. Lightsource bp is a global leader in utility-scale solar development and management. And, if youre confident, you can put your head down and deliver. November Delivered by Investis. You can sign up for additional alert options at any time. This landmark solar industry procurement deal is a testimony to Lightsource bps exponential growth in the United States, and our confidence in First Solars technology, said Kevin Smith, chief executive officer, Americas, Lightsource bp. We work with businesses and communities around the world to deliver low-carbon solar energy projects. Report this post Report Report. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. BP and Lightsource announced the partnership in December. In a statement Thursday, Lightsource bp which oil. 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. 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. 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. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Where we refer to the company, we mean BP p.l.c. *Market data delayed by 20 minutes. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. 2023 Lightsource. Partnerships are a key part of our approach, enabling better and faster utilization of our network. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. 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. is the parent company of the bp group of companies. 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. At Lightsource bp, weve been developing utility-scale solar projects since 2010. About Lightsource bp London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . 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 use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. Lightsource bp Renewable Energy Investments Limited. You can find out more about which cookies we are using or switch them off in settings. The parent company financial statements of BP p.l.c. 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. 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. Here are some examples of how we performed in 2021. 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. 2023 Lightsource. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. 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. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Our purpose is to deliver affordable and sustainable solar. Choose a career where you are empowered to change the world! Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. Brazil is a massive market with huge potential. 382.4 KB, pdf / You can find out more about which cookies we are using or switch them off in settings. Our growth has been in maturing the organization and getting into a strong operating position for next year. New Mexico Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. 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. 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. All quotes delayed a minimum of 15 minutes. 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. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Annual report Performing while transforming Annual Report and Form 20-F 2021 pdf / 8.3 MB Strategy Business model Remuneration Key downloads 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. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. All rights reserved. As Americas familyfarmers and ranchers face increasing economic stress, opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. That's enough to power approximately 86,000 homes in New South Wales. And the next big steps are bigger projects and more volume. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets.