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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bp Plc | LSE:BP. | London | Ordinary Share | GB0007980591 | $0.25 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.70 | 0.32% | 527.30 | 527.10 | 527.30 | 527.40 | 521.90 | 523.30 | 4,086,824 | 09:56:18 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Petroleum Refining | 211.6B | 15.24B | 0.8934 | 5.89 | 89.78B |
From Apr 2021 to Apr 2024
By Joe Hoppe
BP PLC's Lightsource BP said Tuesday that it has secured its first nine solar projects in Poland through a 757-megawatt co-development deal.
The solar energy company, which is 50% owned by BP, said the total capital expenditure to bring the entire pipeline to fruition could reach 500 million euros ($580.7 million), with around half of the projects ready for construction in 2022.
Once operational the projects will provide enough to power the equivalent of 362,870 homes, and will provide a stable foundation for Lightsource's long-term plans for Poland.
Some of the power will be sold on the open market, and Lightsource said it was actively seeking large companies to contract long-term power purchase agreements.
The projects--which are in Zachodnio-pomorskie, Lubuskie, Dolnoslaskie and Wielkopolskie--will also participate in future Polish renewable energy auctions, and will be developed with a local renewable energy company.
The company had said on Sept. 20 it secured a $1.8 billion credit facility to develop 25 gigawatts of solar power generation capacity by 2025.
"Entering the Polish marketplace is a significant milestone for us, and we have done so with a sizeable portfolio. The scope for growth in solar is huge, as renewables will be required to double their share on the grid in a short space of time," international business development director Vlasios Souflis said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
October 19, 2021 07:13 ET (11:13 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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