Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
Sep 19, 2024 11:01 CESTUS refining company Flint Hills Resources on Thursday said it will build a solar installation that will provide onsite, self-generated electricity directly to its Corpus Christi West refinery in Texas.
The 27-MW solar project, worth USD 53 million (EUR 49m), has a peak capacity of about 28% of the refinery's power needs.
"We are proving that large-scale solar can be successfully integrated into large, complex industrial facilities, helping to lower costs while maintaining reliability and improving our environmental performance," said Flint Hills Resources president and CEO Jeff Ramsey.
Arizona-based DEPCOM Power is the engineering, procurement and construction contractor for the project. Flint Hills Resources and DEPCOM are both part of Koch Companies LLC.
This is Flint Hills Resources’s second large-scale refinery integrated solar facility in the US. DEPCOM recently completed a 45-MW solar project at Flint Hills Resources' Pine Bend refinery in Rosemount, Minnesota.
“Distributed solar generation is proving to be a competitive and reliable source of power for many energy-intensive industries," remarked John Schroeder, DEPCOM's executive vice president of distributed energy.
(USD 1 = EUR 0.927)
Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
Sep 19, 2024 11:01 CESTIEA urges proactive measures to integrate renewables
Sep 18, 2024 11:17 CESTDYCM to build 2-GW solar module factory in Southeastern US
Sep 18, 2024 10:41 CESTSunrun eyes USD 365m from new solar-storage securitisation deal
Sep 18, 2024 10:22 CESTArevon closes financing for 251-MW solar project in Indiana
Sep 17, 2024 16:39 CESTRepsol hit with lawsuit over Hecate Energy deal in US - report
Sep 17, 2024 15:29 CEST