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Exxon turns to wind, solar to help power Texas operations

Published 11/28/2018, 06:17 PM
© Reuters.  Exxon turns to wind, solar to help power Texas operations
XOM
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  • Exxon Mobil (NYSE:XOM) agrees to buy 500 MW of renewable energy to help run operations in its home state of Texas.
  • Denmark’s Orsted will supply XOM with 250 MW of solar and 250 MW of wind power, enough to supply 400K average U.S. homes, beginning in 2020.
  • Half the power will come from the Sage Draw wind farm, which Orsted’s Lincoln Clean Energy plans to finish building in early 2020, with the rest from the Permian Solar farm set for completion in Q2 2021.
  • Now read: Don't Get Stuck In The Mud - Time To Get Long Oil With These Deeply Undervalued, High-Yield Majors


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