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 . Solar-powered steel production from Lightsource bp's Bighorn Project in Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. 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. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Our growth has been in maturing the organization and getting into a strong operating position for next year. You can find out more about which cookies we are using or switch them off in settings. You can find out more about which cookies we are using or switch them off in settings. 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. 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. Lightsource bp Renewable Energy Investments Limited. November:expansion into Italy, Iberia and Brazil is announced. 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. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. 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. for the year ended 31 December 2021. As a leading global solar developer and bp partner, we are rapidly scaling-up to help meet the rising demand for reliable electricity, while supporting the global energy transition to net zero. 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. 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. Lightsource and bp celebrate five-year anniversary. Lightsource bp | LinkedIn Home, Britoil, Lightsource BP, Llandarcy. 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 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. At Lightsource bp, weve been developing utility-scale solar projects since 2010. 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. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . 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. Lightsource bp Financials | Craft.co Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. In a statement Thursday, Lightsource bp which oil. ()*, GBp Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. 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.. (Loading)*. 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. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. 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. 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. 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. 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 . The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. February 27, 2023. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . The Directors statements (comprising the Statement of directors responsibilities; Risk management and internal control; Longer-term viability; Going concern; and Fair, balanced and understandable), the independent auditors report on the annual report and accounts to the members of BP p.l.c., the parent company financial statements of BP p.l.c. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Lightsource bp turns 10 | News and insights | Home Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Read story 28 Feb, 2023 the Role of Oil and Gas, Sustainability Report 2020 Sustainability at Bp 2020 at a Glance Our Foundations Our Focus Areas Embedding Sustainability External Collaborations Our Reporting, Parent Company Financial Statements of BP P.L.C, DID YOU KNOW? All rights reserved. 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. Lightsource bp to partner with Dourogs on green hydrogen projects - CNBC Modern Slavery And Human Trafficking Statement. The full details of our Gender Pay Gap Report 2018can be found here. You can find out more about which cookies we are using or switch them off in settings. As a business we care deeply about the impact of our projects, our culture and values, and our team members. Lightsource bp Places Multi-Year Order for 4 GW of First Solar Modules Weve just released our second annual Gender Pay Gap Report, which covers our gender differences in terms of population, pay and bonus levels from March 2017 to March 2018. We work with businesses and communities around the world to deliver low-carbon solar energy projects. Speaking about the future growth of Lightsource BP, Brooks says: Ive no doubt that we will be 10 to 15 times the size we are today in a decade. Dont underestimate the ambitions of the Lightsource BP team, he warns. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. BP and Lightsource announced the partnership in December. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. 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. Annual report | Investors | Home - bp global But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Lightsource bp gets financing for massive Pointe - Business Report You must click the activation link in order to complete your subscription. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. 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. 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. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. There is going to be a huge amount of capital flow into new business models, he predicts. And, if youre confident, you can put your head down and deliver, Lightsource BP: one year on and going global. 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. New Mexico (Loading), USD In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. 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. We use cookies to collect and analyse information on our site's performance and to enable the site to function. Find out more about our sustainability strategy and initatives. Lightsource bp Renewable Energy Semiconductor Manufacturing . This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. And this week, Lightsource BP announces its presence in Brazil, meaning the business is now active in 10 countries up from just five only a year ago. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. You can find out more about which cookies we are using or switch them off in settings. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. 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. 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. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. BP p.l.c. BP will invest $200 million in Lightsource over three years for a 43% stake in the business. This website uses cookies so that we can provide you with the best user experience possible. 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. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. 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. We are using cookies to give you the best experience on our website. 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. 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. 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 in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. 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.
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