You should not place undue reliance on these forward-looking statements. 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. 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. 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. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. "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. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. Partnerships are a key part of our approach, enabling better and faster utilization of our network. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. The Material does not (i) form part of the bp Annual Report and, pdf / You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. BPs shares linger near 25-year lows after it halved its dividend in August. All quotes delayed a minimum of 15 minutes. of 1 each. I started in this business six years ago, when we were just finding our feet in the UK and a few hundred megawatts seemed a big ambition. The Directors remuneration report is on pages 116-141. 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. 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. The Strategic report and the Directors report together include the management report required by DTR 4.1 of the UK Financial Conduct Authoritys Disclosure Guidance and Transparency Rules. 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 has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. 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. Lightsource bp is a global leader with local impact. 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. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. 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. 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). This website uses cookies so that we can provide you with the best user experience possible. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. Find out more about our sustainability strategy and initatives. 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. We represent the opposite of that.. 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. Lightsource bp Renewable Energy Investments Limited. 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. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. You must click the activation link in order to complete your subscription. GBp (Loading)*. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. 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. 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. Our team includes over 500 industry specialists, working across 15 countries. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. 264.7 KB. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. All rights reserved. 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. 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. Our gigawatt-approach to solar provides many benefits to our partners worldwide by leveraging economies of scale, ethical and sustainable procurement, and continuous improvement on quality and efficiency. All rights reserved. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. New Mexico * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. 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. There is going to be a huge amount of capital flow into new business models, he predicts. Sustainability is at our core. This website uses cookies so that we can provide you with the best user experience possible. Our team includes over 500 industry specialists, working across 15 countries. For more information on bp in the US, visit www.bp.com/us. GBp 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. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. We are using cookies to give you the best experience on our website. High-grading our portfolio, lowering our emissions and driving returns. 2023 Lightsource. 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. *Market data delayed by 20 minutes. Our purpose is to deliver affordable and sustainable solar. 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. 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. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. 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 . Contact info@lightsourcebp.com SOCIAL RESOURCES Choose a career where you are empowered to change the world! Read more about supporting local communities, Procurement agreement with US-based manufacturer. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. 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. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. And, if youre confident, you can put your head down and deliver. Discover how we are creating a positive impact across energy, the environment and our people. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. 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. Lightsource bp Renewable Energy Investments Limited. 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. 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. 6 pack mini wine bottles, the best years of our lives trick shots,