Targa Resources Corp. has entered into agreements on Nov. 1 to source renewable electricity from Concho Valley Solar LLC to provide power to Targa’s natural gas processing infrastructure in the Permian Basin in West Texas. Concho Valley Solar is a joint development between Merit SI and Komipo America, Inc.
Concho Valley Solar initiated construction of the 160 MWac project near San Angelo in Tom Green County, Texas in the fourth quarter of 2021 and is expected to begin delivery of clean, renewable energy during the fourth quarter of 2022. Concho Valley Solar will deliver low-cost, renewable electricity to Targa under a long term power purchase agreement (PPA). This PPA continues to advance Targa’s long term sustainability strategy to reduce its emissions intensity.
As joint owner in much of Targa’s Midland Basin gas processing infrastructure, Pioneer Natural Resources will participate in the renewable electricity sourced from the Concho Valley Solar project, enhancing its emissions reduction initiatives through renewable electricity purchases and related renewable energy credits. The combined support by Targa and Pioneer for this project and potential future joint opportunities exemplifies the commitment of the two companies to be industry leaders in reducing emissions throughout the Midland Basin.
Approximately 150 jobs are expected to be created during the construction phase and increased revenues will be generated over the operating life for Tom Green County taxing entities.
Concho Valley Solar is specially designed to generate clean energy while minimizing impacts to wildlife, habitat, and other environmental resources. The project will utilize high efficiency bifacial solar photovoltaic (PV) modules.
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