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). But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. Privately-owned Lightsource BP, which develops solar projects from their earliest stages, reported a turnover of 55.3 million pounds ($72.2 million) last year, compared with 40.7 million pounds. 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. Brooks has a Winston Churchill quote in mind: Now, this is not the end. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. 382.4 KB, pdf / Find out more about us and how were working together to create a sustainable energy future for us all. 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. 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. Lightsource bp today announced it has closed on a $533 million multiproject financing package for its 345-megawatt Ventress Solar project 30 miles northwest of Baton Rouge in Pointe Coupee Parish. , opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. Brazil is a massive market with huge potential. Here are some examples of how we performed in 2021. The companys primary share listing is the London Stock Exchange. 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. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. ()*, GBp If you experience any issues with this process, please contact us for further assistance. (Loading), USD BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. BATON ROUGE, La.-- ( BUSINESS WIRE )--Lightsource bp has successfully closed on a $533 million multi-project financing package and mobilized construction on its 345 megawatt (dc) Ventress Solar. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. 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. About Lightsource bp We power businesses and communities across the US with clean and affordable energy solutions. 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. Weve made a number of new hires across the Group, and the number of women in higher paying roles has increased, which is something were very proud of. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. (Loading), USD Delivered by Investis. 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 . 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. Lightsource BP, like rivals including Frances Total , sees further opportunities for profits from selling solar and wind power projects it had developed from early stages. Find out more about how Lightsource bp works and operates and our partnership with bp. The full details of our Gender Pay Gap Report 2018can be found here. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. June:first utility solar plant in Maharashtra, India, iscompleted and connected financed by UK Climate Investments, a JV between the Green Investment Group and the Department for Business Energy and Industrial Strategy. Lightsource bp is an international solar business. 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. It is a key element in BP CEO Bernard Looneys plan to grow BPs renewable power generation capacity 20-fold by 2030 to 50 GW from solar and wind power. You can change your cookie settings at any time. 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. 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. Lightsource bp pays for the first $800 of the monthly insurance premium. Lightsource and bp celebrate five-year anniversary. Lightsource bp and bp will benefit from the evolution of First Solars advanced Cadmium Telluride (CadTel) thin film module technology platform over the span of the agreement. With smaller pockets, comes a different approach. Our purpose is to deliver affordable and sustainable solar. A year ago, Lightsource was the established solar leader in Europe. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . Where we refer to the company, we mean BP p.l.c. November:expansion into Italy, Iberia and Brazil is announced. 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. Delivered by Investis. And, if youre confident, you can put your head down and deliver. About bp 8.3 MB. Our success is built on more than just our solar projects. 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. Legal notice in relation to the material on this page. First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. We are using cookies to give you the best experience on our website. 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. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. Lightsource bp is a global leader with local impact. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 2023 Lightsource. 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 team includes over 500 industry specialists, working across 15 countries. This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. November:contracts are signed for 25MW of solar power in Western US. We use cookies to make our services work and collect analytics information. 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. We power businesses and communities across the US with clean and affordable energy solutions. 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. Estimated to abate 204,000 metric tons of carbon dioxide (CO2) emissions each year, equivalent to annual emissions from about 44,000 fuel burning cars. We work with businesses and communities around the world to deliver low-carbon solar energy projects. 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. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. 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. As the company's shares, in the form of ADSs, are listed on the NYSE, an Annual Report on Form 20-F is filed with the SEC. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. 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. We recognise that the rising need for energy must be met through sustainable sources. 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. 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. 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.. As Americas familyfarmers and ranchers face increasing economic stress, opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. This website uses cookies so that we can provide you with the best user experience possible. In 2021 we started directly supplying customers in China with gas from liquefied natural gas (LNG) imported by bp, completing our first fully integrated gas value chain into the country. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. Our Standards: The Thomson Reuters Trust Principles. bp acquired the projects as part of its net zero ambition and target to grow its net developed renewable generating capacity to 20GW by 2025 and 50GW by 2030. 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, 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. 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. The company and each of its subsidiaries are separate legal entities. 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. Forward-looking statements are only predictions based on our current expectations and our projections about future events and therefore speak only as of the date of this release. 2018, The BP partnership has definitely given our whole team confidence. 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.
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