BP began construction of its 187-megawatt direct current Peacock Solar Project just north of Corpus Christi in San Patricio County, Texas, BP said in a Sept. 26 press release. The project is part of the company’s plans to invest in and build renewable energy capacity of 50 gigawatts by 2030.
The renewable electricity generated from the project—enough to power the equivalent of 34,000 homes—will be sold under a long-term power purchase agreement to Gulf Coast Growth Ventures, a joint venture between Exxon Mobil and SABIC. The facility produces materials for the manufacture of clothes, food containers, packaging, agricultural film and construction materials.
Lightsource BP, BP’s 50-50 joint venture partner, is developing and managing the construction of Peacock on behalf of BP. PCL Construction, the main engineering, procurement and construction contractor for the project, will install First Solar low-carbon solar panels and GameChanger Solar trackers.
Peacock will also have vegetation beneficial to pollinators and other wildlife planted under and around its solar panels and sheep grazing around the site to keep farmland in production and soil healthy.
“Securing this agreement and kicking off construction of Peacock helps support the transition to lower carbon energy, while benefiting local communities and the economy,” Dave Lawler, BP America chairman and president, said in the press release. “It’s another way BP is accelerating growth of our U.S. solar generation capacity, investing in America and advancing our transformation to an integrated energy company.”
Recommended Reading
Atlas Energy Solutions to Acquire OFS Power Company Moser for $220MM
2025-01-27 - Atlas Energy Solutions said it will purchase Moser Energy Systems in a cash-and-stock deal that adds power services in the company’s core Permian Basin operating area.
Woodside, Chevron Agree to Swap Oil, LNG Assets
2024-12-19 - Woodside and Chevron have entered an agreement that shifts interests in oil, LNG and carbon capture projects with Chevron also paying Woodside $400 million.
Ovintiv Swaps the Uinta for Montney in Multiple M&A Moves
2024-11-15 - Ovintiv is expanding greatly in the Canadian Montney Shale play through a US$2.38 billion deal with Paramount Resources and exiting the newly booming Uinta Basin in Utah with a $2 billion sale to FourPoint Resources.
Permian EOR Firm Plans Reverse Merger with Coconut Water Brand
2024-12-05 - Roosevelt Resources, which is developing an EOR project in the Texas Permian Basin, aims to go public through a reverse merger.
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
2025-01-15 - Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.