A Clear Path to Decarbonization and Energy Savings for Oil and…

Shale Magazine | Jul 24, 2021 at 4:45 PM
  • In recent months, there has been an increased focus on the energy plans of oil and gas majors alongside a growing demand for cleaner energy and decarbonization.
  • As a result, there is a growing interest from oil and gas companies to reduce emissions and offset utility costs by procuring on-site renewable generation from renewable energy like solar PV, cogeneration or combined heat and power (CHP), battery energy storage systems (BESS) and wind.
  • In brief, with a PPA, a customer enters into a typically 20 to 25-year agreement with a solar (or other renewable energy) developer, typically an EPC (Engineering, Procurement & Construction company), to finance and build a solar project on the customer’s property.