Commercial, Solar - October 29, 2019
Chevron signs PPA with 35 MW solar project
Chevron signed a PPA Oct. 29 to source energy for its Lost Hills oil field in Kern County, Calif., from a 35 MW DC solar project.
The agreement made with SunPower includes a term of up to 20 years, during which time the project is expected to produce more than 1.4 billion kWh and reduce CO2 emissions but approximately 1 million metric tons.
Developers of the solar project expect it to be completed in early 2020 and meet approximately 80% of the Lost Hills production and processing facilities and offices' energy needs. Goldman Sachs Renewable Power (GSRP) will own the system and Chevron will receive environmental credits under the state of California’s Low Carbon Fuel Standard program. SunPower's Performance Series solar panels, now being assembled in Hillsboro, Oregon, will be used for the project.
"For over 140 years, Chevron has delivered the energy that improves lives and enables human progress," Allen Satterwhite, President of Chevron Pipeline & Power, said in a statement. "As global demand for energy continues to grow, we are committed to supporting affordable, reliable, ever-cleaner energy and to exploring increased use of renewables in support of our business. Advancing economically viable renewable energy projects which scale is part of the equation and this project represents a meaningful step in our energy journey."