ExxonMobil to power Permian Basin with Ørsted wind and solar projects
30 November, 2018
US oil and gas supermajor ExxonMobil has contracted Denmark’s Ørsted to provide 500MW of wind and solar power to its Permian Basin operations through two 12-year power purchase agreements.
Through its US subsidiary Lincoln Clean Energy, the Danish company will supply 250MW from its Sage Draw wind farm, which is scheduled to be commissioned in 2020.
The remaining 250MW will be provided by the Permian solar PV plant which will start operations in 2021.
Rising production in the Permian Basin, where oil output has been forecast to reach 3.7m barrels per day in December, has led other operators in the area to diversify their power supply already.
Ørsted acquired Lincoln Clean Energy early this year. The company is active in US onshore wind and solar projects. To date it has developed almost 2GW of renewable energy projects in California, New Jersey and Texas.