Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. You should not place undue reliance on these forward-looking statements. (Loading), USD Brazil is a massive market with huge potential. are on pages 282-336. There is going to be a huge amount of capital flow into new business models, he predicts. BP Annual Report and Form 20-F 2018 Scoping Our Scope Covered 136 Components; Governance Report 2020 Pdf / 2.2 MB; . You can change your cookie settings at any time. 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. The brand gives us a credibility that it would take 30 years to develop on our own. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. And, if youre confident, you can put your head down and deliver. But, we havent tried to run too fast; weve gone slowly to go quickly, if that makes sense. In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. November We use cookies to collect and analyse information on our site's performance and to enable the site to function. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. We are using cookies to give you the best experience on our website. See here for a complete list of exchanges and delays. This website uses cookies so that we can provide you with the best user experience possible. The full details of our Gender Pay Gap Report 2018 can be found here. 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. You can find out more about which cookies we are using or switch them off in settings. pdf / 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. 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. Modern slavery and human trafficking statement, Health, safety, security, environment policy, Code of Business Conduct and Ethics for Counterparties. COLUMBUS, Ohio-- ( BUSINESS WIRE )--Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon's. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Here are some examples of how we performed in 2021. 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. Contact info@lightsourcebp.com SOCIAL RESOURCES Actual results may differ materially from those expressed in such statements depending on a variety of factors. Since 2010, we've provided sustainable and affordable energy to businesses and communities throughout the UK. LIGHTSOURCE BP RENEWABLE ENERGY INVESTMENTS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. LSbp's first site produced just 0.7 megawatts (MW) of solar power. 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. 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. 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 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. (), USD *Market data delayed by 20 minutes. 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. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. All rights reserved. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. 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. Our responsibly developed utility-scale projects around the world provide affordable and sustainable energy to businesses and local communities. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. To obtain a hard printed copy of BP's 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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. For First Solar Investors The company was incorporated in 1909 in England and Wales and changed its name to BP p.l.c. We work with businesses and communities around the world to deliver low-carbon solar energy projects. BPs shares linger near 25-year lows after it halved its dividend in August. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. April:enters into power purchase agreement with NSG Group, supplying solar by private wire to Pilkington Glass facility in Lathom, UK. Read story Prev 1 2 About First Solar, Inc. It sees further profit opportunities from BPs large power trading business, which can offer customers power from various sources such as solar, wind or natural gas. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana Our ability to help our customers manage these risks by providing long-term firm pricing and supply commitments, backed by First Solars reputation, is a key differentiator. of 25 cents each. in 2001. 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. 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. Our team includes over 500 industry specialists, working across 15 countries. Lightsource bp, a global leader in the development and management of solar energy projects, today announced the sale of five utility scale solar photovoltaic (PV) Read story 28 Nov, 2022 COP 27: Meet the Lightsource bp delegation The rapid deployment of solar power on a vast scale is essential to limit global warming to 1.5C. This drives our commitment and continued effort to integrate sustainable business practices into everything we do. 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. We continue to grow teams, partnerships and projects throughout the world. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. 382.4 KB, pdf / After all, 2017 was also the year in which renewable power grew by almost 20% higher than the 10-year average led by solar energy. 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. 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. 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. Every region receives a tailored approach and is managed by a local team. 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. You could see more consolidation in the renewables industry through mergers and acquisitions., 28 This result is much lower than the UK average (this year 8.6% in favour of men), and is largely due to the composition of our workforce. If you experience any issues with this process, please contact us for further assistance. 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. 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. Lightsource bp Renewable Energy Investments Limited. 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. 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. Sustainability is at our core. Assist in contract negotiation and. This landmark solar industry procurement deal is a testimony to Lightsource bps exponential growth in the United States, and our confidence in First Solars technology, said Kevin Smith, chief executive officer, Americas, Lightsource bp. We recognise that the rising need for energy must be met through sustainable sources. The company and each of its subsidiaries are separate legal entities. 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.