Houston-based Buckeye has selected Black & Veatch to provide engineering, procurement and construction (EPC) services for the planned Project Parker photovoltaic solar project in central Texas, the company said on Jan. 27. The 270-megawatt solar project will add to the company’s growing and diversified portfolio of lower-carbon solutions.
“We are committed to deploying our deep expertise in clean energy to support clients on the leading edge of the energy transition such as Buckeye partners with their decarbonization goals,” Mario Azar, president of Black & Veatch’s energy and process industries business, said.
Project Parker will be located on two adjacent sites near Waco, Texas, in Falls County. Construction of the project, which will include more than 500,000 solar panels, is to be completed in early 2023. Buckeye announced the initial project investment in August of this year.
“Our strategy is squarely focused on energy diversity and lower-carbon solutions, and we are excited to partner with Black & Veatch to advance this critical solar project,” Todd J. Russo, Buckeye’s executive vice president, strategy and alternative energy, said. “Project Parker will further expand Buckeye’s growing renewable portfolio and add additional momentum to our ESG initiatives and continued progress in the space.”
The U.S. solar market grew by 43% in 2020, nearly double the 23% increase in 2019, according to the U.S. Solar Market Insight 2020 Year-in-Review report released by the Solar Energy Industries Association and Wood Mackenzie in 2021. In the same year, the installed U.S. electric generating capacity was a record 19.2 gigawatts. Wood Mackenzie expects the U.S. solar market to quadruple by 2030, when the equivalent of one in eight American homes is projected to have solar.
Recommended Reading
Venezuela Lost Citgo, But the Battle’s Not Over Yet
2024-10-04 - Amber Energy’s $7.3 billion purchase of Citgo fell well short of analyst’s valuations. PDVSA Ad Hoc expects to appeal the decision soon in its battle to protect its claim on Citgo.
Tailwater Buys Interests Across 5,000 Acres in Permian Core
2024-10-02 - Tailwater E&P's purchase of non-op working interests from Accelerate Resources includes future inventory held by Diamondback, EOG Resources, Devon and several other E&Ps.
As Permian Targets Grow Scarce, 3Q M&A Drops to $12B—Enverus
2024-10-16 - Upstream M&A activity fell sharply in the third quarter as public consolidation slowed and Permian Basin targets dwindled, according to Enverus Intelligence Research.
Diamondback Closes $26B Endeavor Deal, Forming Last Permian ‘Sandbox’
2024-09-13 - Diamondback Energy’s merger with Endeavor Energy Resources forms a company with pro forma production of 468,000 bbl/d (816,000 boe/d) on total Permian acreage of about 838,000 net acres.
Lime Rock CEO: Small, Mid Cap E&Ps Stuck in M&A ‘No Man’s Land’
2024-10-16 - Eric Mullins said that as large-scale M&A players begin to rationalize their purchases, as much as $18 billion in non-core divestments could find homes to asset-hungry acquirers.
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.