Solar Energy Field Takes Shape

Rhea-AI Summary

Chevron is developing the Hayhurst Solar Power Facility in New Mexico, a joint venture with Algonquin Power & Utilities Corp. The solar array spans 120 acres and will produce 20 megawatts of energy daily, supporting Chevron's operations in the Permian Basin. This initiative aims to reduce the carbon intensity of Chevron's operations and enhance energy efficiency. The solar array is expected to be operational by the end of 2022, with Algonquin managing the facility and Chevron purchasing the generated solar energy.

Positive

• Solar array expected to generate 20 megawatts of energy daily.
• Initiative aims to reduce carbon intensity of operations.
• Joint venture with Algonquin Power & Utilities Corp enhances renewable energy use.

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / February 14, 2023 / Just a few months after breaking ground in July 2022, Chevron's Hayhurst Solar Power Facility is taking shape. A joint venture with Algonquin Power & Utilities Corp., the solar field is closer to powering our Permian Basin operations with renewable energy.
Colin Parfitt (right), Chevron's vice president of Midstream, speaks with Joe Constante (left), a participant on a recent tour of the solar field.

why it matters

By using solar energy, we can decrease the carbon intensity of our operations while freeing up energy from the grid. The 120-acre solar array is capable of generating 20 megawatts of energy per day and will help power our Hayhurst, New Mexico-area operations.

"We are working to further reduce the carbon intensity of our operations by deploying renewable power to support Chevron's operations in the Permian."

allen satterwhite

president of chevron pipeline and power

rewind

The New Mexico Land Office awarded Chevron and Algonquin a lease for the site earlier this year.

"The increased interest in use of renewable energy in extractive industries further proves the reliability and cost-effectiveness of solar energy and why increasing our renewable energy output in New Mexico is critical to the long-term health of our land and state," said Stephanie Garcia Richard, state commissioner of public lands.

what's next

The expansive solar array is expected to be completed by the end of 2022. Once it's up and running, Algonquin will operate the facility, and we will purchase the solar energy from them.

View additional multimedia and more ESG storytelling from Chevron Corporation on 3blmedia.com.

Contact Info:
Spokesperson: Chevron Corporation
Website: https://www.3blmedia.com/profiles/chevron-corporation
Email: info@3blmedia.com

SOURCE: Chevron Corporation

View source version on accesswire.com:
https://www.accesswire.com/739343/Solar-Energy-Field-Takes-Shape

FAQ

What is Chevron's Hayhurst Solar Power Facility?

The Hayhurst Solar Power Facility is a 120-acre solar array in New Mexico, producing 20 megawatts of energy daily to support Chevron's operations.

When is the Hayhurst Solar Power Facility expected to be operational?

The facility is expected to be operational by the end of 2022.

Who manages the Hayhurst Solar Power Facility?

Algonquin Power & Utilities Corp will operate the facility, while Chevron will purchase the generated solar energy.

How does the solar facility impact Chevron's operations?

It aims to reduce the carbon intensity of Chevron's operations and increase energy efficiency in the Permian Basin.

What is the significance of the solar project for New Mexico?

The project highlights the growing reliability and cost-effectiveness of renewable energy in extractive industries and supports environmental sustainability.