Occidental Starts Up Solar Facility for Oil Operations
October 03 2019 - 3:01PM
Dow Jones News
By Michael Dabaie
Occidental Petroleum Corp. (OXY) said it started up its first
solar facility to directly power an enhanced oil recovery field
operation in the Permian Basin.
The company also signed a long-term power purchase agreement for
109 MW of solar energy, beginning in 2021, for use in its Permian
operations.
The Goldsmith field solar facility, built by Occidental near
Odessa, Texas, features 174,000 photovoltaic panels with a total
capacity of 16 MW -- enough to power the operations at the
Goldsmith field. First Solar manufactured the photovoltaic panels
and is under contract to operate the facility, Occidental said.
Occidental said it signed a 12-year solar power purchase
agreement with a joint venture between Macquarie's Green Investment
Group and Core Solar LLC, whose solar project in West Texas will be
operational in 2021.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 03, 2019 14:46 ET (18:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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