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? For more information on bp in the US, visit www.bp.com/us. Back Submit . 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. 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. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. (Loading)*. 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. In February 2019, Penn State and Lightsource bp announced that theyd signed a 25-year contract for clean, renewable electricity to power the university. 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. November:contracts are signed for 25MW of solar power in Western US. We are using cookies to give you the best experience on our website. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. 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 . Brooks has a Winston Churchill quote in mind: Now, this is not the end. This website uses cookies so that we can provide you with the best user experience possible. Lightsource bp is a global leader with local impact. of 1 each. Delivered by Investis. We have always been driven, and our partnership with BP is a great enabler. 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. 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. 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. We are using cookies to give you the best experience on our website. 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. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. 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. Working alongside your teams, we can offer our unparalleled framework, experience and resources to guarantee the performance of your assets. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. Please refer to the Cautionary statement on page 364 of the full bp Annual Report and Form 20-F 2021 for further information on forward-looking statements. Together with our 50:50 joint venture partner bp, we are reimagining energy and enacting real change on the energy landscape, not just in the USA, but all over the world. You can find out more about which cookies we are using or switch them off in settings. Helge Lund, chair Chair's letter pdf / 264.7 KB After submitting your request, you will receive an activation email to the requested email address. Every region receives a tailored approach and is managed by a local team. It is just the start for us in Latin America, Souflis adds. Our sector is fundamentally about financing. There is going to be a huge amount of capital flow into new business models, he predicts. Our team includes over 500 industry specialists, working across 15 countries. A year ago, Lightsource was the established solar leader in Europe. The team is keen to get started in a country where solar is currently heavily underrepresented in the power generation mix but provides a cheaper, flexible, quick-to-deploy energy option that can be placed close to where the demand is. 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. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . This is exactly the type of energy we want to develop and deliver as we continue to build out our renewable pipeline and ultimately strengthen confidence in our target of delivering 20GW of developed renewables by 2025.. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. 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. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 260MW of affordable, clean and locally generated electricity for Texas communities. 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. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. Our approach has always been to attract, select and retain the right person for each position, regardless of gender, sexuality, personal beliefs, identity and ethnicity. Delivered by Investis. 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. We power businesses and communities across the US with clean and affordable energy solutions. 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. You must click the activation link in order to complete your subscription. 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. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. Ordinary shares are ordinary fully paid shares in BP p.l.c. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. Find out more about our sustainability strategy and initatives. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. We power businesses and communities across the US with clean and affordable energy solutions. 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,. 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.. 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. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. 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. 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. 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. Lightsource bp Renewable Energy Semiconductor Manufacturing . 2.2 MB. 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. BP and Lightsource announced the partnership in December. 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. 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? Construction on this project commenced in December 2019. 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. 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. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. Lightsource bp Renewable Energy Investments Limited. All rights reserved. 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. 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. 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. 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. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. Report this post Report Report. ()*, GBp Our Standards: The Thomson Reuters Trust Principles. At Lightsource bp, weve been developing utility-scale solar projects since 2010. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. In order to advance our purpose and ambition, we have identified three strategic focus areas, and weve set targets and aims against these out to 2025 and 2030. 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. 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 .

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