• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Corporate News
  • Generation
  • Oil & Gas
  • Regulation
  • Renewable
    • Climate
    • Solar
    • Wind
  • Storage
  • Tech
  • T & D
Energy News Desk Logo

Energy News Desk

Energy News and Data

Chevron Enters Partnership to Expand Renewable Assets

July 30, 2020 by Solar Industry Mag

Chevron U.S.A Inc., a wholly owned subsidiary of Chevron Corp., and Algonquin Power & Utilities Corp., a diversified international generation, transmission and distribution utility, have entered into 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 MW of its existing and future electricity demand from renewable sources.

“Chevron intends to lead in the future of energy by developing affordable, reliable and ever-cleaner energy,” says Allen Satterwhite, president of Chevron Pipeline & Power. 

“This agreement advances Chevron’s commitment to lower our carbon footprint by investing in renewable power solutions that are reliable, scalable, cost efficient and directly support our core business,” he adds.

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 (Texas and New Mexico), 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.

Algonquin, parent company of Liberty Utilities and Liberty Power, generates renewable energy through its portfolio of long-term contracted wind, solar and hydroelectric generating facilities, representing more than 2 GW of installed renewable generating capacity.

Photo: Chevron’s Sustainability web page

Filed Under: Renewable, Solar

Primary Sidebar

Join The Daily Charge

This week's top 5 stories in your inbox. No spam ever.

Trending

  • This Arkansas school turned solar savings into better teacher pay
  • New Golden Spiral Wind Turbine Proves Concept in Wind Test
  • Silfab Solar Launches New Line of Back-Contact PV Modules
  • Crowley, Watco Partner to Provide Offshore Wind Management Solutions
  • PV-ezRack Launches High-Rise Solar Mounting Solution
  • Thompson Unveils Bill Utilizing Tax Code to Combat Climate Change
  • Orsted, PGE Partner on Baltic Sea Offshore Wind Projects
  • The National Science Foundation Funds Study to Better Understand DERs
  • eia.gov logo EIA's AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s
  • Siemens Gamesa Secures 10-Year Service Deal

Footer

Trending

  • This Arkansas school turned solar savings into better teacher pay
  • New Golden Spiral Wind Turbine Proves Concept in Wind Test
  • Silfab Solar Launches New Line of Back-Contact PV Modules
  • Crowley, Watco Partner to Provide Offshore Wind Management Solutions
  • PV-ezRack Launches High-Rise Solar Mounting Solution

Recent

  • Stem Provides Smart Energy Storage Solutions to Today’s Power
  • EIA's AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s
  • Homeowners associations still a barrier for some would-be solar customers
  • Commentary: With open standards, U.S. can build EV charging infrastructure faster
  • Vestas Unveils 15 MW Offshore Wind Turbine

Search

Contact Us

Write For Us

  • Email
  • Facebook
  • Twitter

Copyright © 2021 · EnergyNewsDesk.com