Report this post Report Report. 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. 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 work with businesses and communities around the world to deliver low-carbon solar energy projects. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. The Material does not (i) form part of the bp Annual Report and, pdf / And, if youre confident, you can put your head down and deliver. 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. Lightsource BP will continue to publish an annual Gender Pay Gap Report, despite falling below the threshold of businesses required to do so, as evidence of our dedication to fair pay and transparency. 2023 Lightsource. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. 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. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). Lightsource bp Renewable Energy Investments Limited. 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. Lightsource BP will continue to publish an annual Gender Pay Gap Report, despite falling below the threshold of businesses required to do so, as evidence of our dedication to fair pay and transparency. As a business we care deeply about the impact of our projects, our culture and values, and our team members. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. For more information, please visit www.firstsolar.com. Actual results may differ materially from those expressed in such statements depending on a variety of factors. 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. For more information please visit www.lightsourcebp.com. 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. 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. 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. (), USD Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. Choose a career where you are empowered to change the world! 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. It also translates into competitively priced electricity for our customers., Felipe Arbelaez, bps senior vice president of zero carbon energy, added: To help reach our net zero ambition and develop 50GW of renewable power by the end of this decade, we continue to invest in clean, reliable energy in the US. 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. LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED, for LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED (09494479), (of the document filed at Companies House), Companies House does not verify the accuracy of the information filed. 264.7 KB. 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. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. We have always been driven, and our partnership with BP is a great enabler. 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.. Read story 28 Feb, 2023 In a statement Thursday, Lightsource bp which oil. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. First Solar, Inc. (NASDAQ: FSLR) today announced that global solar leader, Lightsource bp has placed an order for 4 gigawatts (GW)DC of advanced thin film solar modules. Delivered by Investis. Lightsource bp is an international solar business. (Loading)*. Find out more about our sustainability strategy and initatives. Find out more about us and how were working together to create a sustainable energy future for us all. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. 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. 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.. 382.4 KB, pdf / 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 must click the activation link in order to complete your subscription. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. (Loading), USD Privately-owned Lightsource BP, which develops solar projects from their earliest stages, reported a turnover of 55.3 million pounds last year, compared with 40.7 million pounds a year earlier,. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. You can find out more about which cookies we are using or switch them off in settings. Group Results Fourth Quarter and Full Year 2019 Highlights. Discover how we are creating a positive impact across energy, the environment and our people. February 27, 2023. This is where we come in. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. Oversee onboarding of new facilities. GBp Brooks has a Winston Churchill quote in mind: Now, this is not the end. The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. 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. 2005 BP Alternative Energy Is Launched, from the Deep Sea to the Desert, from Rigs to Retail, Charging Company, Energy with Purpose Means Helping the World Reach Net Zero, BP Plc Group Results Second Quarter and Half Year 2020(A), Exxon Mobil Corp., Exxonmobil Oil Index No, The Forces Maintaining Fossil Fuel Dependence in the Age of Electric, Financial Institutions with a Full Business Law Service, BP P.L.C. Doubling adjusted EBITDA, sustaining returns, focused on customers. Sustainability is integrated into our business strategy and operating model at every level. 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. You've accepted analytics cookies. 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. 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 / To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . We power businesses and communities across the US with clean and affordable energy solutions. 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. 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. 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 What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. Where we refer to the company, we mean BP p.l.c. 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. Delivered by Investis. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. Our ability to help our customers manage these risks by providing long-term firm pricing and supply commitments, backed by First Solars reputation, is a key differentiator. 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. You can find out more about which cookies we are using or switch them off in settings. 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. Our purpose is to deliver affordable and sustainable solar. (Loading), USD 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. Lightsource bp Renewable Energy Investments Limited. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. 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. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. 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. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. 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. New Mexico 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. Construction on this project commenced in December 2019. Annual report Performing while transforming Annual Report and Form 20-F 2021 pdf / 8.3 MB Strategy Business model Remuneration Key downloads 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. Lightsource bp Renewable Energy Semiconductor Manufacturing . 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.

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