Chevron : New solar energy field will help lower carbon intensity
August 11, 2022 at 03:17 pm EDT
Share
close
subscribe to our newsletter to receive news and updates.
sign up now
newsroom
newsroomhome
topics
topics
alternative fuels
emissions solutions
our operations
people and community
press releases
archive
media
emissions solutionsnew solar energy field will help lower carbon intensity
1 min read | august 11, 2022
Working with Algonquin Power & Utilities Corp., Chevron broke ground on a solar energy project intended to generate renewable energy for our oil and gas operations in the Permian Basin in Texas and New Mexico.
We teamed with Algonquin, a company with experience in developing renewable energy, in 2020 to construct renewable energy sources to provide electricity to certain assets.
"This is an exciting first project in our agreement with Algonquin," said Fred Lawrence, commercial manager for Chevron and the project manager for this undertaking. "This will help power our operations while also helping us achieve our goal of lowering our carbon intensity."
why it matters
The renewable energy generated by the solar panels will replace energy we currently get from the grid during the day, freeing that up for other uses and decreasing the carbon intensity of our operations. Energy from the solar field will power our Hayhurst New Mexico development area's field load. This field includes an electric compressor station that compresses gas out of the field and sends it to the pipeline for transmission.
by the numbers
56,000
solar panels
120
acres
20
megawatts
The 20 megawatts of electricity expected from the solar field is enough to power about 15,000 homes.
how it works
In this joint venture with Algonquin, both parties hold a 50% stake. Chevron and Algonquin will construct the solar field together, and Algonquin will operate the facility. Then we will purchase the solar energy from them.
Chevron worked with the New Mexico State Land Office to lease the site in southeastern New Mexico through a public auction. The currently unused parcel was chosen because of its proximity to a Chevron electrical substation for the Permian Basin.
"Eddy County is proud to support the development of this solar project, the largest one in our county so far, which will provide electricity to a portion of Chevron's operations in the area," said Allen Davis, Eddy County manager.
what's to come
The next phases include delivery and installation of the solar panels and powering up the facility. The project is expected to be complete at the end of 2022.
topics covered
emissions solutions
related content
explainer: what is responsibly sourced gas?
emissions solutionsaugust 11, 2022
working for peanuts: collaboration aims to increase renewables, help farmers
alternative fuelsaugust 02, 2022
projects, teamwork and progress mark new energies' first year
alternative fuelsaugust 02, 2022
3 ways we're answering the call for affordable, reliable and ever-cleaner energy
emissions solutionsjuly 28, 2022
view archive
chevron email updates
Subscribe to our newsletter to receive news & updates.
sign up for the newsletter
Attachments
Original Link
Original Document
Permalink
Disclaimer
Chevron Corporation published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 19:16:04 UTC.
Chevron Corporation is one of the world leading oil and gas groups. Net sales break down by activity as follows:
- refining and distribution (73.1%): at the end of 2022, owned 8 refineries (2.6 million barrels of products sold per day) and a network of 13,800 service stations under the brands Chevron, Texaco, and Caltex throughout the world. The group is also involved in oil and natural gas transportation and production of petrochemical and plastic products;
- exploration and production of oil and natural gas (26.8%): 1.2 million barrels of crude oil, 0.3 million barrels of liquefied natural gas, and 199.6 million m3 of natural gas produced per day in 2022;
- other (0.1%): primarily electricity production.
54.5% of net sales are abroad.