382.4 KB, pdf / Legal notice in relation to the material on this page. 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. The companys primary share listing is the London Stock Exchange. As a business we care deeply about the impact of our projects, our culture and values, and our team members. 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. For more information, please visit www.firstsolar.com. About First Solar, Inc. In 1910, the steel mill, then known as The Colorado Fuel and Iron Company, employed approximately 15,000 people, or about one-tenth of the entire Colorado workforce, according to the Colorado Encyclopedia and later was the . 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. 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. 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? Annual report | Investors | Home - bp global This website uses cookies so that we can provide you with the best user experience possible. 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. We power businesses and communities across the US with clean and affordable energy solutions. 2023 Lightsource. You can find out more about which cookies we are using or switch them off in settings. Lightsource bp Places Multi-Year Order for 4 GW of First Solar Modules Interview with Emilie Wangerman, Senior VP, Head of Business 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. The modules, scheduled. 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. What Lightsource bp is doing to raise support for earthquake survivors in Turkey and Syria. 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. And the next big steps are bigger projects and more volume. Lightsource bp is a global leader in utility-scale solar development and management. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Read more about supporting local communities, Procurement agreement with US-based manufacturer. 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. pdf / Lightsource and BP Join Forces to Drive Growth in Solar Power This week SolarPower Europe released a follow-up interview with our Director of Environmental & Social Planning, Penny Laurenson. The parent company financial statements of BP p.l.c. 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. Brooks has a Winston Churchill quote in mind: Now, this is not the end. of 1 each. Today, we are recognized as aglobal solar leader, says its chief strategy officer, James Brooks. 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. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. The full details of our Gender Pay Gap Report 2018can be found here. 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. This website uses cookies so that we can provide you with the best user experience possible. New Mexico Looking ahead to 2019, Souflis and Brooks are set to continue assessing opportunities together in multiple countries where Lightsource BP has no presence, at the moment, but where solar makes sense and where the BP name provides a strategic advantage. And Lightsource, formed in 2010, also brings something distinctive to the table: a different perspective on individual project and portfolio financing, according to Brooks. 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. 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. Annual Gender Pay Gap Report Published in the UK | Lightsource bp 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 sustainability framework shows how were decarbonising the worlds energy landscape through responsibly developed solar projects. 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. About bp The great majority of this investment will fund Lightsource's. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. 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. Our sector is fundamentally about financing. Lightsource bp and bp Sign Multi-Year Agreement for up to 5.4GW of 8.3 MB. After submitting your request, you will receive an activation email to the requested email address. Doubling adjusted EBITDA, sustaining returns, focused on customers. Miguel will be responsible for delivering further growth in the EMEA markets through a combination of greenfield, co-development and M&A activities. Report this post Report Report. Modern Slavery And Human Trafficking Statement. Discover how we are creating a positive impact across energy, the environment and our people. are on pages 282-336. 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. Construction on this project commenced in December 2019. Our gigawatt-approach to solar provides many benefits to our partners worldwide by leveraging economies of scale, ethical and sustainable procurement, and continuous improvement on quality and efficiency. 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. ()*, GBp Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. Actual results may differ materially from those expressed in such statements depending on a variety of factors. Will stimulate local economy by bringing an estimated $30 million in new revenue to the . The brand gives us a credibility that it would take 30 years to develop on our own. Here are some examples of how we performed in 2021. In 2021, we took significant steps towards our aim to grow our EV charge points to more than 100,000 globally by 2030. London-based Lightsource BP now wants to develop 25GW of projects by 2025, upping a . Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire. 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. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. LSbp's first site produced just 0.7 megawatts (MW) of solar power. 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. Visit one of our regional websites to find out more about our local projects, initiatives and key contacts. 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. This website uses cookies so that we can provide you with the best user experience possible. 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. The anniversary of BP's investment in Europe's largest solar developer is coinciding with its announcement of expansion into Brazil, the latest step in the company's growing global footprint As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europe's largest solar developer. Lightsource bp and AEP Energy Partners sign power contract for 188 megawatt solar farm in Indiana 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. 2018, The BP partnership has definitely given our whole team confidence. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC.
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