Sustainability is integrated into our business strategy and operating model at every level. The full details of our Gender Pay Gap Report 2018 can be found here. Group Results Fourth Quarter and Full Year 2019 Highlights. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. All quotes delayed a minimum of 15 minutes. Read story Prev 1 2 If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. You can change your cookie settings at any time. 2023 Lightsource. (Loading), USD London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . 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. 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. Were looking at assets in some parts of Europe that definitely offer double digit returns and we are also looking at assets in other parts of the world that are lower than that, he told Reuters in an interview this month. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. (Loading), USD Our team includes over 500 industry specialists, working across 15 countries. for the year ended 31 December 2021. We believe that sustainability and social responsibility are crucial for long-term business success and this is embedded within our business model, holding us accountable to those principles. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. We use cookies to make our services work and collect analytics information. pdf / All rights reserved. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana BP p.l.c. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. *Market data delayed by 20 minutes. You can find out more about which cookies we are using or switch them off in settings. Our Standards: The Thomson Reuters Trust Principles. News & insights | Lightsource bp 382.4 KB, pdf / London-based Lightsource BP, which is half-owned by oil major BP and will mark its 10th anniversary later this year, has rapidly grown around the world in recent years and aims to reach 10 gigawatt (GW) of solar capacity by 2023 from a current 2 GW . 2.2 MB. 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. Lightsource bp turns 10 | News and insights | Home In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. These forward-looking statements are often characterized by the use of words such as estimate, expect, anticipate, project, plan, intend, seek, believe, forecast, foresee, likely, may, should, goal, target, might, will, could, predict, continue and the negative or plural of these words and other comparable terminology. 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. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. 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. Construction on this project commenced in December 2019. Annual Gender Pay Gap Report Published in the UK | Lightsource bp 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. LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity We power businesses and communities across the US with clean and affordable energy solutions. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . 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. We are using cookies to give you the best experience on our website. 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. We are using cookies to give you the best experience on our website. BP and Lightsource announced the partnership in December. Lightsource BP - Wikipedia All rights reserved. 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. As a business we care deeply about the impact of our projects, our culture and values, and our team members. We use some essential cookies to make our services work. This website uses cookies so that we can provide you with the best user experience possible. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. 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. You can find out more about which cookies we are using or switch them off in settings. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. You've rejected analytics cookies. 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. Led by Emilie Wangerman, Lightsource bp's business development team supported bp in acquiring an additional 9 GW pipeline of projects from 7X Energy, Inc., which will be exclusively developed by Lightsource bp's U.S. team. Building scale with capital discipline and returns focus. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. We represent the opposite of that.. 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. Choose a career where you are empowered to change the world! 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. 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 . 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. The brand gives us a credibility that it would take 30 years to develop on our own. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. Our purpose is to deliver affordable and sustainable solar. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. farmers and ranchers face increasing economic stress. Lightsource bp is an international solar business. And, if youre confident, you can put your head down and deliver. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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. The full details of our Gender Pay Gap Report 2018can be found here. 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. 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. All rights reserved. Solar-powered steel production from Lightsource bp's Bighorn Project in The goal was to take the UK-based business global and, one year on, the Lightsource BP partnership has more than doubled its footprint around the world and has just announced a move into renewables-friendly Brazil, where the market potential for solar is huge. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. Lightsource bp pays for the first $800 of the monthly insurance premium. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. We have always been driven, and our partnership with BP is a great enabler. Sustainability is at our core. After submitting your request, you will receive an activation email to the requested email address. In the US, the companys securities are traded on the New York Stock Exchange (NYSE) in the form of ADSs (see page 368 of the bp Annual Report and Form 20-F 2021 for more details) and in Germany in the form of a global depositary certificate representing bp ordinary shares traded on the Frankfurt, Hamburg and Dusseldorf Stock Exchanges. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. (Loading)*. The deal on the Lightsource deal | News and insights | Home - bp global 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. And the next big steps are bigger projects and more volume. Lightsource bp | What we do | Home - United States ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. The anniversary of BP's investment in Europe's largest solar developer is coinciding with its announcement of expansion into Brazil, the latest step in the company's growing global footprint As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europe's largest solar developer. investor@firstsolar.com of 1 each.