First Solar Investor Relations (Loading)*. 2023 Lightsource. You can find out more about which cookies we are using or switch them off in settings. We represent the opposite of that.. We work with businesses and communities around the world to deliver low-carbon solar energy projects. 2023 Lightsource. In order to advance our purpose and ambition, we have identified three strategic focus areas, and weve set targets and aims against these out to 2025 and 2030. 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. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. Sustainability is integrated into our business strategy and operating model at every level. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. BP are able to deliver more than just solar. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. Home - Lightsource bp 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. 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. 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. ()*, GBp Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. You can sign up for additional alert options at any time. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Where we refer to the company, we mean BP p.l.c. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . Our team includes over 500 industry specialists, working across 15 countries. 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. You can find out more about which cookies we are using or switch them off in settings. In a statement Thursday, Lightsource bp which oil. 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 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. Interview with Emilie Wangerman, Senior VP, Head of Business Global leader in responsible solar development | Lightsource bp US For more information please visit www.lightsourcebp.com. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. Lightsource bp is an international solar business. A year ago, Lightsource was the established solar leader in Europe. Here are some examples of how we performed in 2021. 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. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. For more information on bp in the US, visit www.bp.com/us. 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. 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. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. The material on the bp Annual Report webpage (the Material) relates to the year ended 31 December 2021 and is provided for general information only. 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. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. 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. Lightsource BP starts operating massive solar project in North Texas You can find out more about which cookies we are using or switch them off in settings. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. We know many ways in which to finance projects and understand the market for financing very differently.. Delivered by Investis. 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. in 2001. Post Online Media. All rights reserved. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/16dda5bd-3fb9-4df3-a008-49c75d6999d5, https://www.globenewswire.com/NewsRoom/AttachmentNg/f00065c2-75ab-46b9-b9e8-b9057d21ae52. Investors are looking at BPs transition and thinking that its ambitious but value destroying, one top 10 investor said, speaking on condition of anonymity. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 2018, The BP partnership has definitely given our whole team confidence. Procurement agreement with US-based manufacturer. This website uses cookies so that we can provide you with the best user experience possible. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. February 27, 2023. 2.2 MB. That's enough to power approximately 86,000 homes in New South Wales. 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. Brooks has a Winston Churchill quote in mind: Now, this is not the end. 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. This website uses cookies so that we can provide you with the best user experience possible. Building scale with capital discipline and returns focus. You've rejected analytics cookies. 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. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. bps finances are strong and resilient. 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 / Lightsource bp | What we do | Home - United States 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). Lightsource bp is a global leader in utility-scale solar development and management. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. It is just the start for us in Latin America, Souflis adds. Lightsource BP - Wikipedia This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. The full details of our Gender Pay Gap Report 2018 can be found here. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. 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. Home | Lightsource bp 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. 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, 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. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy.