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  "documentTitle": "BP plc (BP)",
  "authorId": "23_Bluebell_Capital",
  "authorName": "Giuseppe Bivona and Marco Taricco",
  "documentKindSlug": "shareholder-letter",
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  "presentationDate": "2024-07-23 00:00:00",
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  "notes": "The slide uses a legalistic argument to frame BP's technical overplanting as a regulatory loophole exploitation.",
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      "text": "In our humble opinion, BP's interpretation of EN-3 constitutes a clear \"abuse of rights.\"",
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      "text": "In our humble opinion, BP's interpretation of EN-3 constitutes a clear \"abuse of rights.\" A practice is defined as an abuse of rights if, despite formal compliance with the applicable laws and regulations, its sole purpose is to achieve an advantage contrary to the objectives of those rules.",
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      "kind": "paragraph",
      "text": "5.15 At the current time, Lightsource bp typically overplant by between 1.25-1.8, and this range is typical of solar farms in the UK. This is equivalent to ~62MWp-90MWp on a 49.9MW(AC) connection.",
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      "text": "EN-3 did not change the 50 MW threshold established by Section 15 of the Planning Act 2008... It was also not intended to introduce a loophole for morally unscrupulous companies to exploit.",
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      "text": "5.15 At the current time, Lightsource bp typically overplant by between 1.25-1.8, and this range is typical of solar farms in the UK. This is equivalent to ~62MWp-90MWp on a 49.9MW(AC) connection. The potential capacity on any site will be dependent on site- specific conditions, including location, topography, aspect, irradiance, shading, environmental and other constraints. — Lightsource BP - Burnhope Planning Statement, 11 June 2024, Appendix 8, p. 26",
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      "text": "11 https://publicaccess.durham.gov.uk/online-applications/applicationDetails.do?keyVal=RDKR1SGDMT500&activeTab=summary",
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