BP and Lightsource announced the partnership in December. Our success is built on more than just our solar projects. 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. The great majority of this investment will fund Lightsource's. Our team includes over 500 industry specialists, working across 15 countries. The US solar industry is at an important inflection point where it must continue the charge towards delivering 45% of our countrys electricity by 2050 while addressing the risks and uncertainty posed by increasingly volatile solar panel production, pricing, and supply, said Georges Antoun, chief commercial officer, First Solar. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. Sustainability is integrated into our business strategy and operating model at every level. We work with businesses and communities around the world to deliver low-carbon solar energy 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. 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. We are using cookies to give you the best experience on our website. It, however, recorded an operating loss of 24.5 million pounds in 2019 compared with a 15 million pound loss a year earlier, as a result of higher investments in new projects. 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. That's enough to power approximately 86,000 homes in New South Wales. Rachael will be responsible for Lightsource bps global procurement organisation including purchasing, supplier quality, and global supply chain strategy. Lightsource and bp celebrate five-year anniversary. The brand gives us a credibility that it would take 30 years to develop on our own. 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. 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. About First Solar, Inc. The goal was to take the UK-based business global and, one year on, the Lightsource BP partnership has more than doubled its footprint around the world and has just announced a move into renewables-friendly Brazil, where the market potential for solar is huge. At First Solar, Inc. we promise to treat your data with respect and will not share your information with any third party. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. 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. 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. April:formation of Eversource Capital, a JV with Everstone Group in India, to manage the Green Growth Equity Fund (GGEF). Lightsource bp Renewable Energy Investments Limited. 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. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. are on pages 282-336. LSbp's first site produced just 0.7 megawatts (MW) of solar power. First Solar, Inc. (NASDAQ: FSLR) today announced that global solar leader, Lightsource bp has placed an order for 4 gigawatts (GW)DC of advanced thin film solar modules. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. 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. * Lightsource BP returns average 8% to 10% -CEO, * Some European projects offer higher returns - CEO, * BPs trading offers further profit opportunities -COO. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. 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. You can change your cookie settings at any time. 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 use some essential cookies to make our services work. 2023 Lightsource. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. The full details of our Gender Pay Gap Report 2018can be found here. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. We are using cookies to give you the best experience on our website. This website uses cookies so that we can provide you with the best user experience possible. November 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. 602-414-9315, Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of First Solar Modules, Western Hemispheres largest solar manufacturing footprint. All rights reserved. Designed and developed at its research and development (R&D) centers in California and Ohio, First Solars responsibly produced advanced thin film PV modules set industry benchmarks for quality, durability, reliability, design, and environmental performance. Contact info@lightsourcebp.com SOCIAL RESOURCES investor@firstsolar.com High-grading our portfolio, lowering our emissions and driving returns. As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europes largest solar developer. And the next big steps are bigger projects and more volume. The company and each of its subsidiaries are separate legal entities. With smaller pockets, comes a different approach. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. 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. All rights reserved. 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. If you experience any issues with this process, please contact us for further assistance. Our solar projects dont just generate clean electricity, but also benefit the local economy and ecosystem. Our wide range of energy solutions provide cost-effective end-to-end offerings designed to fit your needs. Earlier this year, First Solar announced that it will invest $680 million to expand Americas domestic PV solar manufacturing capacity by 3.3GW annually, by building its third US manufacturing facility, in Lake Township, Ohio. *Market data delayed by 20 minutes. We know many ways in which to finance projects and understand the market for financing very differently.. of 25 cents each. in 2001. Lightsource bp is a global leader with local impact. A year ago, Lightsource was the established solar leader in Europe. 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. 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. This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. In a statement Thursday, Lightsource bp which oil. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . 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. For more information please visit www.lightsourcebp.com. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. The project is primarily located on 1,800 acres of land on EVRAZ Rocky Mountain Steel property in Pueblo. First Solar Investor Relations Ordinary shares are ordinary fully paid shares in BP p.l.c. 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. 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. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. BATON ROUGE, La.-- ( BUSINESS WIRE )--Lightsource bp has successfully closed on a $533 million multi-project financing package and mobilized construction on its 345 megawatt (dc) Ventress Solar. Brazil has all the hallmarks of a country in which Lightsource BP can thrive. Our Standards: The Thomson Reuters Trust Principles. Brazil is a massive market with huge potential. July:announces Egypt market entry through a JV with Hassan Allam Utilities, one of the largest Egyptian construction firms. In addition to the multi-year module sales agreement, First Solar also signed a memorandum of understanding (MoU) to explore opportunities to source electricity from generation assets developed, owned and operated by Lightsource bp in Ohio, where First Solar operates the Western Hemispheres largest solar manufacturing footprint. 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.. Lightsource bp Renewable Energy Investments Limited. With First Solars expansion in the United States and India and optimization of its existing fleet, the company anticipates that its nameplate manufacturing capacity will double to 16GW by 2024. About bp 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? 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. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. But it is, perhaps, the end of the beginning., Were getting mission ready for our next big steps, he says. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Even better, solar shepherds are fighting climate change and promoting healthy landscapes while they maintain vegetation under and around the solar panels. After submitting your request, you will receive an activation email to the requested email address. BP p.l.c. 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 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. Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections. (Loading)*. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. You can sign up for additional alert options at any time. 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. Unless otherwise stated or the context otherwise requires, the term BP or "bp" and terms such as we, us and our are used for convenience to refer to one or more of the members of the bp group instead of identifying a particular entity or entities.
Ipswich Town Average Attendance,
15452737eba5e65ca705b42cf575f40ac Is Mike Mckay Of Wbtv Still Alive,
Motorcycle Accident Tucson 2022,
Hillsborough Disaster Turnstiles,
Articles L