Source: Ørsted/Felix Hellgren.
ExxonMobil will power operations at its Permian oil field in Texas with 250MW of wind and 250MW of solar power.
The oil major has signed two power purchase agreements with the Danish firm Ørsted, according to a presentation at the latter’s Capital Markets Day in Copenhagen on Wednesday.
Ørsted said the pairing of contracts for wind and solar was “a case study of where onshore renewables is heading”. It added that the dual technology approach maximised the availability of power.
The 250MW tranche of solar will be taken from the 350MW Permian Solar project scheduled for completion in Q2 2021.
The presentation confirmed that the wind PPA for ExxonMobil would have a duration of 12 years.
Now in its sixth successful year, Solar & Storage Finance USA is the only event which looks at raising capital for solar, storage and collocated solar and storage projects in the USA. The conference will help delegates understand how providers are evolving propositions for storage and how they can access capital for standalone solar or storage, and co-located projects. Meet debt providers, funders, utilities, corporate off takers and blue chip energy firms with capital to invest and developers with credible pipelines.