Brazil is a massive market with huge potential. 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. Construction on this project commenced in December 2019. Lightsource BP, rebranded from Lightsource Renewable Energy in 2018, is the largest solar developer in Europe, and third largest in the world outside of China. These factors include, but are not limited to, the matters discussed under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations of our most recent Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q, as supplemented by our other filings with the Securities and Exchange Commission. You can find out more about which cookies we are using or switch them off in settings. These provide the basis for a common set of enduring objectives for bp as we transform the organization consistent with the long-term energy transition. 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. You've rejected analytics cookies. TEMPE, Ariz., Nov. 22, 2021 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) today announced that global solar leader Lightsource bp and integrated energy company bp have placed multi-year orders for up to 5.4 gigawatts (GW) combined of First Solars advanced, ultra-low carbon thin film photovoltaic (PV) solar modules. (Loading)*. After submitting your request, you will receive an activation email to the requested email address. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. GBp 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 our sustainability strategy and initatives. We build, own and operate cost-effective, clean energy projects, and are dedicated to pushing the frontiers of solar and storage solutions, backed by world-class execution capabilities. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. 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. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. Our Standards: The Thomson Reuters Trust Principles. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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. All rights reserved. "Reliability is super-important, too this is a young industry, so its like a gold rush, with new players coming into the market who want to flip things quickly. 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. 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 . 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. As a business we care deeply about the impact of our projects, our culture and values, and our team members. 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. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. 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. November:expansion into Italy, Iberia and Brazil is announced. Lightsource bp is a global leader in utility-scale solar development and management. 8.3 MB. 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. And the next big steps are bigger projects and more volume. We are growing at pace and scale, going beyond business as usual, to act as an enabler of the energy transition and meet this rising demand for sustainable energy with the urgency it deserves. Lightsource bp announces the appointment of Miguel Fernandez Hortelano as Group Head of Risk and Energy Markets. BP p.l.c. 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. Here are some examples of how we performed in 2021. 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. Our sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. Weve just released our second annual Gender Pay Gap Report, which covers our gender differences in terms of population, pay and bonus levels from March 2017 to March 2018. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. At Lightsource BP we firmly believe in the importance of a diverse, supportive, equality-driven work force, and were proud of everything weve done to create one. LSbp's first site produced just 0.7 megawatts (MW) of solar power. 2018, The BP partnership has definitely given our whole team confidence. 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. We power businesses and communities across the US with clean and affordable energy solutions. 2023 Lightsource. 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 a year earlier, according to the companys annual report filed this week. 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. Since 2010, weve provided sustainable and affordable energy to businesses and communities throughout the UK. 2023 Lightsource. 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. GBp 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. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. Our purpose is to deliver affordable and sustainable solar. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. 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. 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. 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. 260MW of affordable, clean and locally generated electricity for Texas communities. From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. That's enough to power approximately 86,000 homes in New South Wales. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. Read more about supporting local communities, Procurement agreement with US-based manufacturer. which is equivalent to the annual demand of approximately 36,000 New Zealand homes. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. For staff members with dependents, Lightsource will cover 50% of the costs of covering dependents. All quotes delayed a minimum of 15 minutes. We are using cookies to give you the best experience on our website. Lightsource bp is a global leader with local impact. You can find out more about which cookies we are using or switch them off in settings. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. And, if youre confident, you can put your head down and deliver. Lightsource and bp celebrate five-year anniversary. 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. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. 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. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. Find out more about us and how were working together to create a sustainable energy future for us all. May: Lightsource BP acquires IoT (Internet of Things) business in Ireland called Ubiworx to strengthen digital capability. You must click the activation link in order to complete your subscription. Helge Lund, chair Chair's letter pdf / 264.7 KB In 2020, Lightsource bp completed construction on a 4.9MW solar farm for leading brick manufacturer Ibstock Brick. 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. 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. 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.. About bp 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 High-grading our portfolio, lowering our emissions and driving returns. The great majority of this investment will fund Lightsource's. We recognise that the rising need for energy must be met through sustainable sources. For more information on bp in the US, visit www.bp.com/us. About Lightsource bp 2023 Lightsource. ANNUAL REPORT AND FINANCIAL STATEMENTS 2019. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Today, its average development can produce more than 70MW - with the largest in development in Australia at more than 500MW. Group Results Fourth Quarter and Full Year 2019 Highlights. investor@firstsolar.com
All rights reserved. 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, Lightsource BP: one year on and going global. 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. The companys primary share listing is the London Stock Exchange. 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. 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. 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. All rights reserved. 2023 Lightsource. Weve established a good foundation with BP helping us to embed business processes and, after year one, were ready to deliver real growth momentum.. are on pages 282-336. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. 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.