Our Standards: The Thomson Reuters Trust Principles. 8.3 MB. 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. As a business, we also care deeply about our culture and values, invest in our teams, and place people and communities at the heart of the decisions we make. (Loading)*. 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. Preference shares are cumulative first preference shares and cumulative second preference shares in BP p.l.c. You can change your cookie settings at any time. 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 (Loading), USD For more information on bp in the US, visit www.bp.com/us. See how we are accelerating our country's transition to a low-carbon future through our utility-scale solar projects. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. 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. 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. Read more about supporting local communities, Procurement agreement with US-based manufacturer. 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. Since late 2017, the team has developed a pipeline of more than 10 gigawatts of large-scale solar projects at various stages of development across the United States with over 2.8 gigawatts of contracted assets with clients in 11 states representing more than $2.3 billion in expected investment. Lightsource bp has built or financially closed on more than 900 MW of solar this year and plans on 1,000 MW in 2021. 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. Lightsource bp is a global leader in utility-scale solar development and management. All rights reserved. What the two companies have in common is a shared ambition to accelerate the global low carbon transition. 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. 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. Oil and gas will remain BPs largest source of income over the coming decade which will help pay for the shift to low-carbon energy. and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. 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.