lightsource bp annual report

Post Online Media. Helge Lund, chair Chair's letter pdf / 264.7 KB BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. investor@firstsolar.com Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. Modern Slavery And Human Trafficking Statement. 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 continue to grow teams, partnerships and projects throughout the world. About Lightsource bp These forward-looking statements include, but are not limited to, statements concerning (i) the framework agreement to supply up to 5.4 gigawatts (GW)DC of solar modules to bp and Lightsource bp, (ii) an MoU with bp and Lightsource bp to explore opportunities to source solar electricity from generation assets owned by the two companies in the United States, (iii) First Solars plans to establish new factories in the United States and India and the expected capacities of those factories, and (iv) when those factories will commence operations and the companys resulting global manufacturing footprint. 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. 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. DocuSign Envelope ID: A3060411-4035-4A47-88F1-5E2F2BB0AEEC. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. *Market data delayed by 20 minutes. (Loading), USD Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. Souflis adds: For us, success is not about just creating megawatts projects have to be profitable. Our team includes over 500 industry specialists, working across 15 countries. Partnerships are a key part of our approach, enabling better and faster utilization of our network. 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. 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. 2.2 MB. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. All rights reserved. If you experience any issues with this process, please contact us for further assistance. 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. 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. All rights reserved. Lightsource bp Renewable Energy Investments Limited. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. 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. 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. All rights reserved. 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. 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? 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 . Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. 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 / Ordinary shares are ordinary fully paid shares in BP p.l.c. The full details of our Gender Pay Gap Report 2018can be found here. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The bp Annual Report and Form 20-F 2021 contains the Strategic report on the inside front cover and pages 1-80 and the Directors report on pages 81-115, 116 (in part only), 142-143, 254-281 and 337-388. GBp solar projects developed worldwide to date, US solar projects in construction or operations, USD project financing raised in the US since 2019, Executed US power contracts with clients in 11 states. 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. pdf / That's enough to power approximately 86,000 homes in New South Wales. 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. 264.7 KB. Read story Prev 1 2 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. 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. 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. 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. GBp Our growth has been in maturing the organization and getting into a strong operating position for next year. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. farmers and ranchers face increasing economic stress. 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. We build, own and operate cost-effective, clean energy projects, and are dedicated to pushing the frontiers of solar and storage solutions, backed by world-class execution capabilities. The term shareholder in the bp Annual Report and Form 20-F 2021 means, unless the context otherwise requires, investors in the equity capital of BP p.l.c., both direct and indirect. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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. Choose a career where you are empowered to change the world! Legal notice in relation to the material on this page. For First Solar Investors See here for a complete list of exchanges and delays. 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. You can change your cookie settings at any time. Back Submit . The BP partnership has definitely given our whole team confidence, Brooks says. 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. 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. The Material may contain certain forward-looking statements, forecasts or projections with respect to the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. November The brand gives us a credibility that it would take 30 years to develop on our own. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. It is not even the beginning of the end. (Loading), USD After submitting your request, you will receive an activation email to the requested email address. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms.

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