Modern Slavery And Human Trafficking Statement. 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. For more information please visit www.lightsourcebp.com. Our Standards: The Thomson Reuters Trust Principles. 2.2 MB. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. BATON ROUGE, La.-- ( BUSINESS WIRE )--Lightsource bp has successfully closed on a $533 million multi-project financing package and mobilized construction on its 345 megawatt (dc) Ventress Solar. Home | Lightsource bp Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. Group Results Fourth Quarter and Full Year 2019 Highlights. Here are some examples of how we performed in 2021. We are using cookies to give you the best experience on our website. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota 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. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. 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. 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. And, if youre confident, you can put your head down and deliver. 2023 Lightsource. 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. High-grading our portfolio, lowering our emissions and driving returns. 260MW of affordable, clean and locally generated electricity for Texas communities. Brooks has a Winston Churchill quote in mind: Now, this is not the end. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. 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. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. Read story 28 Feb, 2023 August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Lightsource BP, rebranded from Lightsource Renewable Energy in 2018, is the largest solar developer in Europe, and third largest in the world outside of China. 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. You should not place undue reliance on these forward-looking statements. 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. for the year ended 31 December 2021. 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. Construction on this project commenced in December 2019. Our employees are drivers of our success, as is our status as a fair employee with a track record of gender equity in hiring and compensation. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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 are using cookies to give you the best experience on our website. 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. 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. 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. This website uses cookies so that we can provide you with the best user experience possible. 'The potential for solar is huge': future looks bright for Lightsource BP The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Our purpose is to deliver affordable and sustainable solar. 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. November Lightsource and BP Join Forces to Drive Growth in Solar Power 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. 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. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. The Directors statements (comprising the Statement of directors responsibilities; Risk management and internal control; Longer-term viability; Going concern; and Fair, balanced and understandable), the independent auditors report on the annual report and accounts to the members of BP p.l.c., the parent company financial statements of BP p.l.c. We are using cookies to give you the best experience on our website. It also translates into competitively priced electricity for our customers., Felipe Arbelaez, bps senior vice president of zero carbon energy, added: To help reach our net zero ambition and develop 50GW of renewable power by the end of this decade, we continue to invest in clean, reliable energy in the US. 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. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of 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. November:contracts are signed for 25MW of solar power in Western US. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. Lightsource bp today announced it has closed on a $533 million multiproject financing package for its 345-megawatt Ventress Solar project 30 miles northwest of Baton Rouge in Pointe Coupee Parish. Our growth has been in maturing the organization and getting into a strong operating position for next year. Assist in contract negotiation and. Lightsource BP - Wikipedia Brazil has all the hallmarks of a country in which Lightsource BP can thrive. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. (Loading), USD Lightsource bp gets financing for massive Pointe - Business Report Lightsource and bp celebrate five-year anniversary. 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). 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. We recognise that the rising need for energy must be met through sustainable sources. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. 'Terawatts mindset' as Lightsource BP bags $1.8bn to double solar 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 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. Helge Lund, chair Chair's letter pdf / 264.7 KB 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. are on pages 282-336. The full details of our Gender Pay Gap Report 2018can be found here. And the next big steps are bigger projects and more volume. 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. BP International Limited ANNUAL REPORT and FINANCIAL April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. COLUMBUS, Ohio-- ( BUSINESS WIRE )--Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon's. 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. 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. 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. Where we refer to the company, we mean BP p.l.c. This website uses cookies so that we can provide you with the best user experience possible. Owler Reports - Lightsource bp: Lightsource bp selling 1-GWp solar All rights reserved. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Actual results may differ materially from those expressed in such statements depending on a variety of factors. 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. This website uses cookies so that we can provide you with the best user experience possible. At Lightsource bp, weve been developing utility-scale solar projects since 2010. farmers and ranchers face increasing economic stress. 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. It is just the start for us in Latin America, Souflis adds. 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. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. 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. 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. A year ago, Lightsource was the established solar leader in Europe. As a business we care deeply about the impact of our projects, our culture and values, and our team members. 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. 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. For more information on bp in the US, visit www.bp.com/us. This is where we come in.
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