At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. We power businesses and communities across the US with clean and affordable energy solutions. 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. ()*, GBp 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. Brazil is a massive market with huge potential. The brand gives us a credibility that it would take 30 years to develop on our own. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. 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. The parent company financial statements of BP p.l.c. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. 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. As a business we care deeply about the impact of our projects, our culture and values, and our team members. We have always been driven, and our partnership with BP is a great enabler. This website uses cookies so that we can provide you with the best user experience possible. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. 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 - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity (), USD the Role of Oil and Gas, Sustainability Report 2020 Sustainability at Bp 2020 at a Glance Our Foundations Our Focus Areas Embedding Sustainability External Collaborations Our Reporting, Parent Company Financial Statements of BP P.L.C, DID YOU KNOW? The 260-megawatt Impact . 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. There is going to be a huge amount of capital flow into new business models, he predicts. Lightsource bp is a global leader with local impact. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. 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. 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. 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. The Material does not (i) form part of the bp Annual Report and, pdf / 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. 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. We continue to grow teams, partnerships and projects throughout the world. 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. November Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. Partnerships are a key part of our approach, enabling better and faster utilization of our network. 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. Earlier this year, First Solar announced that it will invest $680 million to expand Americas domestic PV solar manufacturing capacity by 3.3GW annually, by building its third US manufacturing facility, in Lake Township, Ohio. 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. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. You should not place undue reliance on these forward-looking statements. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. Lightsource bp pays for the first $800 of the monthly insurance premium. 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. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. And, if youre confident, you can put your head down and deliver. A year ago, Lightsource was the established solar leader in Europe. 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. You've accepted analytics cookies. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. You can find out more about which cookies we are using or switch them off in settings. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. With smaller pockets, comes a different approach. All quotes delayed a minimum of 15 minutes. Find out more about our sustainability strategy and initatives. 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. We are using cookies to give you the best experience on our website. The Directors remuneration report is on pages 116-141. 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. 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 bp Renewable Energy Investments Limited. 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. 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. 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 / November:contracts are signed for 25MW of solar power in Western US. 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. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. 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. Delivered by Investis. In March 2016, Lightsource Renewable Energy successfully completed and connected Europes largest floating solar farm, installing 6.3MW on the Queen Elizabeth II Reservoir, near London. Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. ()*, GBp 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. 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). August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. 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. 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. 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. 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. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. 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. 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. 2023 Lightsource. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Report this post Report Report. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. Please refer to the Cautionary statement on page 364 of the full bp Annual Report and Form 20-F 2021 for further information on forward-looking statements. We know many ways in which to finance projects and understand the market for financing very differently.. 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. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. Our ability to help our customers manage these risks by providing long-term firm pricing and supply commitments, backed by First Solars reputation, is a key differentiator. Our most recent Annual Report and Form 20-F is available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov SOURCE BP PLC . Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. 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. Lightsource bp Renewable Energy Investments Limited. The BP partnership has definitely given our whole team confidence, Brooks says. Sustainability is integrated into our business strategy and operating model at every level. It makes good business sense, too. farmers and ranchers face increasing economic stress. Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. Where we refer to the company, we mean BP p.l.c. About Lightsource bp 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. 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. Choose a career where you are empowered to change the world! 2023 Lightsource. You can change your cookie settings at any time. 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. Unless otherwise stated or the context otherwise requires, the term BP or "bp" and terms such as we, us and our are used for convenience to refer to one or more of the members of the bp group instead of identifying a particular entity or entities. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. (Loading), USD Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. 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. 2023 Lightsource. 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. 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. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. To obtain a hard printed copy of bps 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 International Limited. Our Standards: The Thomson Reuters Trust Principles. For more information please visit www.lightsourcebp.com. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . Will stimulate local economy by bringing an estimated $30 million in new revenue to the . GBp Lightsource bp is a global leader in utility-scale solar development and management. 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. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. About bp 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 full details of our Gender Pay Gap Report 2018 can be found here. 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. If you experience any issues with this process, please contact us for further assistance. 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,. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. We believe that sustainability and social responsibility are crucial for long-term business success and this is embedded within our business model, holding us accountable to those principles. 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. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. 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. February 27, 2023. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. Find out more about how Lightsource bp works and operates and our partnership with bp. 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. 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.
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