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. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. 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 . February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. You can find out more about which cookies we are using or switch them off in settings. Lightsource and bp celebrate five-year anniversary. 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. 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. GBp Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. Find out more about our sustainability strategy and initatives. Nick Boyle, the Lightsource BP chief executive, said that his business already sees returns targeted by BP. 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,. (Loading), USD Lightsource BP's initial goal was to use the oil giant's financial muscle to grow a 1.6 gigawatt pipeline of solar projects to a portfolio of 10GW of solar investments by 2023. Read story 28 Feb, 2023 Advancing our sustainable future At Lightsource bp, we've been developing utility-scale solar projects since 2010. The company and each of its subsidiaries are separate legal entities. Here are some examples of how we performed in 2021. 264.7 KB. But, while it is proud of projects that are bringing renewable energy to millions of homes in India, for example, the focus this year has been on laying the foundations for further growth, rather than simply building capacity. This project consists of a 200MWdc solar farm at Goolma Road, Wuuluman. 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. Construction on this project commenced in December 2019. The full details of our Gender Pay Gap Report 2018 can be found here. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. We are using cookies to give you the best experience on our website. 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. Brazil is a massive market with huge potential. You should not place undue reliance on these forward-looking statements. You must click the activation link in order to complete your subscription. 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. February 27, 2023. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. pdf / The former Goldman Sachs principal and investor went from finance to an operating business because: I have an enormous personal conviction about the energy transition and the ability to have a real impact.. 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. Delivered by Investis. All rights reserved. Find out more about how Lightsource bp works and operates and our partnership with bp. We use cookies to collect and analyse information on our site's performance and to enable the site to function. 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 . for the year ended 31 December 2021. Our purpose is to deliver affordable and sustainable solar. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Austin. 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. 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. 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. 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. If you are passionate about accelerating the energy transition, and looking to join a global collaboration of team members focused on delivering sustainable power, visit our careers page to find out more about working at Lightsource bp. 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. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. 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. 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. The projects are spread across 12 U.S states & will generate enough clean energy to power ~1.7 million U.S. homes. Information in the bp Annual Report and Form 20-F 2021 reflects 100% of the assets and operations of the company and its subsidiaries that were consolidated at the date or for the periods indicated, including non-controlling interests. Lightsource bp is a global leader in utility-scale solar development and management. 2023 Lightsource. High-grading our portfolio, lowering our emissions and driving returns. Lightsource bp Renewable Energy Investments Limited. 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? 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. Find out more about how our solar projects champion local biodiversity, promote agricultural land use, and support local economies. 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. This website uses cookies so that we can provide you with the best user experience possible. The parent company financial statements of BP p.l.c. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. All rights reserved. Contact info@lightsourcebp.com SOCIAL RESOURCES Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. (), USD 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. 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. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. 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. BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. When BP announced its stake in Lightsource in late-December 2017, committing $200 million over three years, Brooks was just a year into his role. 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. We continue to grow teams, partnerships and projects throughout the world. 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. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021.