But as an average we are absolutely confident that a return of 8% to 10% is achievable because thats where we are today.. All rights reserved. BP International Limited. The companies will also have access to First Solars American-made solar modules produced at its fully vertically-integrated manufacturing complex in Ohio. 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. Lightsource bp pays for the first $800 of the monthly insurance premium. The 260-megawatt Impact . 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. The companys primary share listing is the London Stock Exchange. 2018, The BP partnership has definitely given our whole team confidence. bps ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. 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. (), USD Find out more about our sustainability strategy and initatives. We are making substantial progress on our strategy to pivot from an international oil company to an integrated energy company. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. For First Solar Investors Building scale with capital discipline and returns focus. 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. 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.. That's enough to power approximately 86,000 homes in New South Wales. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. Partnerships are a key part of our approach, enabling better and faster utilization of our network. 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. 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. The BP partnership has definitely given our whole team confidence, Brooks says. We power businesses and communities across the US with clean and affordable energy solutions. 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. 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,. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. In August 2021 Lightsource bp signed a new power purchase agreement with McDonald's and eBay for a 345MW solar project under development in Louisiana. (Loading)*. All rights reserved. Assist in contract negotiation and. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. You've accepted analytics cookies. We recognise that the rising need for energy must be met through sustainable sources. All quotes delayed a minimum of 15 minutes. 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. 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. Since late 2017, the team has developed a pipeline of more than 10 gigawatts of large-scale solar projects at various stages of development across the United States with over 2.8 gigawatts of contracted assets with clients in 11 states representing more than $2.3 billion in expected investment. 264.7 KB. 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 makes good business sense, too. Sustainability is at our core. Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. 8.3 MB. Contact info@lightsourcebp.com SOCIAL RESOURCES (Loading), USD We have always been driven, and our partnership with BP is a great enabler. The new facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the companys Northwest Ohio footprint to a total annual capacity of 6GW, which is believed to make it the largest fully vertically integrated solar manufacturing complex outside of China. This website uses cookies so that we can provide you with the best user experience possible. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. High-grading our portfolio, lowering our emissions and driving returns. You can find out more about which cookies we are using or switch them off in settings. Lightsource bp has agreed to procure up to 4.3GWDC of modules for its US utility-scale projects, and bp will procure up to 1.1GWDC to power their projects being developed by Lightsource bp. 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. BP and Lightsource announced the partnership in December. 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. Brooks has a Winston Churchill quote in mind: Now, this is not the end. You can sign up for additional alert options at any time. November:expansion into Italy, Iberia and Brazil is announced. For more information, please visit www.firstsolar.com. Energy Outlook 2023 considers the recent disruption to global energy supplies and associated impacts on global prices, and explores how this could affect the energy transition out to 2050. 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. 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, 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. 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. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. But many BP investors have cast doubts over BPs vow that the renewables business could generate returns of 8% to 10%, higher than the sectors average of 5% to 6% in order to maintain and even grow shareholder payouts. 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 use cookies to collect and analyse information on our site's performance and to enable the site to function. Sustainability is integrated into our business strategy and operating model at every level. 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. See here for a complete list of exchanges and delays. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Lightsource bp Renewable Energy Investments Limited. Modern Slavery And Human Trafficking Statement. 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. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. (Loading), USD Solar Power Europe released the entries for its Solar Flora and Fauna photo competition. We know many ways in which to finance projects and understand the market for financing very differently.. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. 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. First Solar Investor Relations 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. You can find out more about which cookies we are using or switch them off in settings. Find out more about us and how were working together to create a sustainable energy future for us all. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. As we continue to grow and progress our 10GW development pipeline across America, in addition to our partner bps 9GWs, executing significant long-term procurement agreements with bankable, world class suppliers like First Solar enables us to deliver on our growth plans and industry-leading global target of 25GW of solar by 2025. Our team includes over 500 industry specialists, working across 15 countries. Brazil is a massive market with huge potential. 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. BP p.l.c. is the parent company of the bp group of companies. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. Our most recent Annual Report and Form 20-F is available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov SOURCE BP PLC . Lightsource bp is an international solar business. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. Group Results Fourth Quarter and Full Year 2019 Highlights.
Rutland City Police Arrests, Hamden High School Honor Roll, Newly Qualified Midwife Personal Statement Examples, Intentional Communities In California, Accident On Route 7 Berryville, Va Today, Articles L