Chevron Pipeline and Power and Algonquin Power & Utilities Corp. have announced an agreement seeking to co-develop renewable power projects that will provide electricity to strategic assets across our global portfolio, including Chevron Australia.
The projects will be focused on powering Chevron operations in Western Australia as well as the US Permian Basin, Argentina and Kazakhstan. Under the four-year agreement, Chevron plans to generate more than 500 megawatts of its existing and future electricity demand from renewable sources – the equivalent of the energy used to power 400,000 U.S. households for a year.
President of Chevron Pipeline and Power Allen Satterwhite said the agreement aligns with our commitment to develop affordable, reliable and ever-cleaner energy.
“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.”
Initial renewable power projects are expected to be sited on Chevron land with construction planned to start on the first projects in 2021.