• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 20 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Hopes Are Dashed For International Oil Companies In North Iraq
  • 6 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 6 hours The United Nations' AGENDA 2030 - The vision for One World Governance ...an article by the famous Dr Robert Malone
  • 2 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 4 days Changing Gazprom ADRs to Russian shares
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
All Hopes Are Dashed For International Oil Companies In North Iraq

All Hopes Are Dashed For International Oil Companies In North Iraq

International oil companies operating in…

It’s Time For An Oil And Gas Boom In Africa

It’s Time For An Oil And Gas Boom In Africa

While many countries, including the…

This Huge Natural Gas Company Looks To Power Operations With Solar Energy

U.S. natural gas processing and transmission firm Williams is looking to develop solar installations on land it owns close to its existing facilities in order to power its operations with electricity from solar energy.  

Williams owns and operates more than 30,000 miles of pipelines system and handles around 30 percent of the natural gas in the United States.

Williams’ plan is made possible by the generous federal and state tax credits, the company said in a statement, noting that these solar power installations are expected to be placed into service beginning in late 2021.

Williams is considering various sites for the installations, and has initially identified locations in Alabama, Colorado, Georgia, Louisiana, New Jersey, North Carolina, Ohio, Pennsylvania, and Virginia.  

Colorado will be the first state in which Williams will consider locations for solar installations, company spokesman Tom Droege told The Denver Post. Williams will be picking from around a dozen locations in western Colorado and the Denver-Julesburg Basin on the northern Front Range, and a decision could be made as early as by June, Droege said.

“Given the current market structures and tax incentives, we are able to make these attractive incremental investments while continuing to enjoy the reliability that the grid provides via natural gas fired power generation,” Alan Armstrong, Williams President and CEO, said in a statement.

The declining cost of solar technology and available tax credits makes solar cost competitive to traditional combined cycle power generation, Williams said about its solar initiative, adding that the capacity of each farm will range from 1 megawatt to 40 megawatts, depending on the energy needs of the facility.

Williams is not the first firm from the oil and gas industry to consider using renewable energy to power its oil and gas operations. Exploration and production companies in the Permian, for example, contracted over the past years wind and solar power to help meet growing electricity demand for oil and gas drilling. ExxonMobil entered into two power purchase agreements (PPAs), under which the U.S. major will buy 500 MW of solar and wind power from the U.S. unit of Denmark’s Ørsted in the Permian, Ørsted said in November 2018. 

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News