If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. For First Solar Investors 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. We are using cookies to give you the best experience on our website. You can change your cookie settings at any time. 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. A year ago, Lightsource was the established solar leader in Europe. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. It makes good business sense, too. 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. First Solar Investor Relations 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. (Loading)*. Lightsource and bp celebrate five-year anniversary. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. 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. Lightsource and bp celebrate five-year anniversary. In a statement Thursday, Lightsource bp which oil. 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. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. November LSbp's first site produced just 0.7 megawatts (MW) of solar power. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. 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. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 2023 Lightsource. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. We use cookies to collect and analyse information on our site's performance and to enable the site to function. of 1 each. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. You've rejected analytics cookies. Where we refer to the company, we mean BP p.l.c. Our Standards: The Thomson Reuters Trust Principles. Find a career where youre valued, recognised as an individual, and working alongside people with a passion for a sustainable future. The companys primary share listing is the London Stock Exchange. In addition to its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and has previously announced plans to build a new 3.3GW factory in India that is expected to be commissioned in the second half of 2023. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. You can find out more about which cookies we are using or switch them off in settings. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. 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. Lightsource bp Renewable Energy Semiconductor Manufacturing . 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. We power businesses and communities across the US with clean and affordable energy solutions. Choose a career where you are empowered to change the world! Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. 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. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. All rights reserved. For more information please visit www.lightsourcebp.com. 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. Our team includes over 500 industry specialists, working across 15 countries. 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. Lightsource bp Renewable Energy Investments Limited. 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. Building scale with capital discipline and returns focus. 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. 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. 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. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Lightsource bp, a global leader in the development and management of solar energy projects, today announced the sale of five utility scale solar photovoltaic (PV) Read story 28 Nov, 2022 COP 27: Meet the Lightsource bp delegation The rapid deployment of solar power on a vast scale is essential to limit global warming to 1.5C. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. 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. Read story 28 Feb, 2023 Our purpose is to deliver affordable and sustainable solar. in 2001. 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. 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. You must click the activation link in order to complete your subscription. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. 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. Lightsource bp Renewable Energy Investments Limited. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. 2018, The BP partnership has definitely given our whole team confidence. Find out more about how Lightsource bp works and operates and our partnership with bp. 2023 Lightsource. Lightsource and bp celebrate five-year anniversary Read story 01 Mar, 2023 Lightsource bp will promote the development of 19 solar projects, involving an investment of 1.2 billion Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. We use cookies to collect and analyse information on our site's performance and to enable the site to function. See here for a complete list of exchanges and delays. BP p.l.c. (), USD The parent company financial statements of BP p.l.c. 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.. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Brooks has a Winston Churchill quote in mind: Now, this is not the end. 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. Home, Britoil, Lightsource BP, Llandarcy. 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 . 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. We are using cookies to give you the best experience on our website. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. And, if youre confident, you can put your head down and deliver. 2023 Lightsource. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. You can find out more about which cookies we are using or switch them off in settings. Brazil is a massive market with huge potential. A cross reference to Form 20-F requirements is included on page 390 of the bp Annual Report and Form 20-F 2021. We have always been driven, and our partnership with BP is a great enabler. BP International Limited. Lightsource bp is a global leader in utility-scale solar development and management. 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. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Lightsource BP - the solar developer 50% owned by the oil supermajor - announced a more than doubling in growth ambitions backed by a $1.8bn finance package as it hailed "a shift in mindset from gigawatts to terawatts" by the global renewables sector. November:contracts are signed for 25MW of solar power in Western US. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. 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. In 2021 we started up two major projects in the US Gulf of Mexico, where we plan to grow our oil and gas production to around 400mboe/d net by the mid-2020s, We are accelerating our electric vehicle (EV) charging ambition across key growth markets, through a focus on on-the-go charging and fleets. 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 . Post Online Media. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. 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. We know many ways in which to finance projects and understand the market for financing very differently.. 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. We are using cookies to give you the best experience on our website. 2023 Lightsource. 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. Forward-looking statements are only predictions based on our current expectations and our projections about future events and therefore speak only as of the date of this release. 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. Lightsource bp is a global leader in utility-scale solar development and management. We use some essential cookies to make our services work. Modern Slavery And Human Trafficking Statement. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Find out more about our sustainability strategy and initatives. 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. Were delighted that bp and Lightsource bp have placed their trust in us and our technology to help power their growth in the United States..
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