(), USD At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. 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 . But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. There is going to be a huge amount of capital flow into new business models, he predicts. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. 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. are on pages 282-336. 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. 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. Our sector is fundamentally about financing. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. Sustainability is integrated into our business strategy and operating model at every level. Our purpose is to deliver affordable and sustainable solar. 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. 2023 Lightsource. 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. 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. 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. 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. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. *Market data delayed by 20 minutes. is the parent company of the bp group of companies. We work with businesses and communities around the world to deliver low-carbon solar energy projects. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. Read story Prev 1 2 Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. (Loading)*. All rights reserved. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. Brooks has a Winston Churchill quote in mind: Now, this is not the end. 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. First Solar Investor Relations 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. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. As part of the deal, Lightsource bp and bp have placed firm orders for approximately 4.4GWDC of modules, with options for an additional 1GWDC. 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. Construction on this project commenced in December 2019. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. 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. 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. High-grading our portfolio, lowering our emissions and driving returns. A year ago, Lightsource was the established solar leader in Europe. But many BP investors have cast doubts over BPs vow that the renewables business could generate returns of 8% to 10%, higher than the sectors average of 5% to 6% in order to maintain and even grow shareholder payouts. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. The BP partnership has definitely given our whole team confidence, Brooks says. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. farmers and ranchers face increasing economic stress. Legal notice in relation to the material on this page. You can change your cookie settings at any time. 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 . (), USD ()*, GBp 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. 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. First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. 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. Lightsource bp and bp have signed a multi-year agreement for up to 5.4 gigawatts of First Solar modules to be delivered between 2023 and 2025 (Photo: Lightsource bp) Order includes up to 4.3GW for . 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. 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. 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. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. 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. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. 8.3 MB. 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. 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. Lightsource bp Renewable Energy Investments Limited. About bp investor@firstsolar.com Helge Lund, chair Chair's letter pdf / 264.7 KB The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of solar projects and power sales to our clients. About Lightsource bp 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. We power businesses and communities across the US with clean and affordable energy solutions. 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. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Lightsource bp pays for the first $800 of the monthly insurance premium. 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. Ordinary shares are ordinary fully paid shares in BP p.l.c. 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. You can find out more about which cookies we are using or switch them off in settings. 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. BP p.l.c. 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. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. 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. Home, Britoil, Lightsource BP, Llandarcy. 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. 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. 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. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. 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). 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. GBp 264.7 KB. GBp It is not even the beginning of the end. 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. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC, We Want to Help the World Reach Net Zero and Improve People's Lives, Reliance and BP Move Forward with Indian Fuels Partnership., BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components, Press Release by BP and Reliance Industries Limited, BP International Limited ANNUAL REPORT and FINANCIAL, In the Superior Court of the State of Delaware, 1 Complaint Against BP in Respect of Violations of the OECD Guidelines, Plaintiffs' Response in Opposition to BP Motion, Energy Transition: Evolution Or Revolution? See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. Here are some examples of how we performed in 2021. 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