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, 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. The US solar industry is at an important inflection point where it must continue the charge towards delivering 45% of our countrys electricity by 2050 while addressing the risks and uncertainty posed by increasingly volatile solar panel production, pricing, and supply, said Georges Antoun, chief commercial officer, First Solar. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. We have always been driven, and our partnership with BP is a great enabler. With smaller pockets, comes a different approach. Find out more about us and how were working together to create a sustainable energy future for us all. BP undoubtedly lends its global scale, built up over more than a century, to the partnership, opening doors and sharing its knowledge of operating in territories covering the US, India, Europe and the Middle East. The bp Annual Report and Form 20-F 2021 available for download on this webpage constitutes the Annual Report and Accounts in accordance with UK requirements and the Annual Report on Form 20-F in accordance with the US Securities Exchange Act of 1934, for BP p.l.c. All quotes delayed a minimum of 15 minutes. LSbp's first site produced just 0.7 megawatts (MW) of solar power. 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. *Market data delayed by 20 minutes. 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. 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. of 1 each. bp acquired the projects as part of its net zero ambition and target to grow its net developed renewable generating capacity to 20GW by 2025 and 50GW by 2030. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. 382.4 KB, pdf / (Loading), USD is the parent company of the bp group of companies. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. 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. If you experience any issues with this process, please contact us for further assistance. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. 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. Lightsource bp is an international solar business. From raw material sourcing and manufacturing through end-of-life module recycling, First Solars approach to technology embodies sustainability and a responsibility towards people and the planet. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing [email protected]. 264.7 KB. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. *Market data delayed by 20 minutes. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. 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. You've accepted analytics cookies. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. Procurement agreement with US-based manufacturer. The new facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the companys Northwest Ohio footprint to a total annual capacity of 6GW, which is believed to make it the largest fully vertically integrated solar manufacturing complex outside of China. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. We are growing at pace and scale, going beyond business as usual, to act as an enabler of the energy transition and meet this rising demand for sustainable energy with the urgency it deserves. 2023 Lightsource. Post Online Media. As a leading developer, financier and operator of utility-scale solar, we have been building and growing meaningful partnerships across the energy transition for over a decade. Lightsource bp Renewable Energy Investments Limited. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In a statement Thursday, Lightsource bp which oil. 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. This is where we come in. 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. 2023 Lightsource. After submitting your request, you will receive an activation email to the requested email address. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. 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. 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. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. And the next big steps are bigger projects and more volume. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. 2.2 MB. 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. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. Discover how we are creating a positive impact across energy, the environment and our people. All rights reserved. At Lightsource BP we firmly believe in the importance of a diverse, supportive, equality-driven work force, and were proud of everything weve done to create one. It is not even the beginning of the end. 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 pays for the first $800 of the monthly insurance premium. Sustainability is integrated into our business strategy and operating model at every level. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. There is going to be a huge amount of capital flow into new business models, he predicts. 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. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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 . 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. 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. 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? February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. 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. Lightsource bp is a global leader with local impact. 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. 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. 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. Lightsource bp Renewable Energy Investments Limited. 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. And, if youre confident, you can put your head down and deliver. 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. Our purpose is to deliver affordable and sustainable solar. 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. Speaking about the future growth of Lightsource BP, Brooks says: Ive no doubt that we will be 10 to 15 times the size we are today in a decade. Dont underestimate the ambitions of the Lightsource BP team, he warns. Construction on this project commenced in December 2019. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. 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. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. We work with businesses and communities around the world to deliver low-carbon solar energy projects. You can find out more about which cookies we are using or switch them off in settings. 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. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. BP and Lightsource announced the partnership in December. 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. 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. Lightsource and bp celebrate five-year anniversary. All rights reserved. Lightsource BP's initial goal was to use the oil giant's financial muscle to grow a 1.6 gigawatt pipeline of solar projects to a portfolio of 10GW of solar investments by 2023.