HomeJuly 30, 2020
Chevron Selects Developer For 500 MW Of Renewable Generation At Its Properties, Includes Purchases Via PPAs
Copyright 2020 EnergyChoiceMatters.com.
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
Chevron U.S.A Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation, and Algonquin Power & Utilities Corp. ("Algonquin") announced an agreement seeking to co-develop renewable power projects that will provide electricity to strategic assets across Chevron's global portfolio.
Under the four-year agreement, Chevron plans to generate more than 500 megawatts (MW) of its existing and future electricity demand from renewable sources.
Initial renewable power projects are expected to be sited on Chevron land and construction is planned to start in 2021.
The projects will be focused on powering Chevron's operations in the U.S. Permian Basin (TX and NM), Argentina, Kazakhstan and Western Australia. Projects will be jointly owned and co-developed by both parties. Algonquin will lead the design, development and construction of the projects. Chevron will purchase electricity from the jointly owned projects through power purchase agreements.
You can follow specific tags with a free account and see their newest stories in one place. Sign up or sign in.
Copyright 2020 EnergyChoiceMatters.com. Unauthorized copying, retransmission, or republication prohibited. You are not permitted to copy any work or text of EnergyChoiceMatters.com without the separate and express written consent of EnergyChoiceMatters.com.
