Priority Power, an independent energy services provider that offers smart energy solutions and streamlined transitions to carbon neutrality, announced last week that it will develop a solar energy project for oil and gas company FireBird Energy LLC.
Firstly, the development will happen under a Solar Development Services Agreement. The project will be a 6,5-megawatt solar photovoltaic facility located on 50 acres of FireBird Energy’s land near Odessa, Texas in Ector County.
Secondly, the plant will serve FireBird Energy’s private primary distribution system as the point of interconnection behind the utility meter.
Thirdly, Priority Power will develop, finance, engineer, construct, operate, and maintain the solar facility without upfront cost to FireBird Energy. While the oil company will purchase the power output from the facility, under a 10-year Power Purchase Agreement.
Moreover, such PPA will integrate with all existing and future supply agreements managed by Priority Power.
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Priority Power to offer carbon neutrality solutions for the upstream sector
In addition, over its lifetime, the project will secure significant financial savings and environmental benefits for FireBird Energy. In fact, the oil company will deliver around 136 million kilowatt hours of clean power to its operations; from the solar facility.
Furthermore, such output would be the equivalent of nearly 54,000 metric tons of CO2 emissions avoided; according to the Environmental Protection Agency (EPA).
Although, financial details of the agreement were not disclosed, Travis F. Thompson, Chief Executive Officer of FireBird Energy, said. “Reducing our carbon footprint is key to our environmental stewardship and social responsibility goals.”
He also remarked. “This agreement illustrates both our commitment to leading the way toward improved sustainability in the upstream sector; and Priority Power’s ability to work seamlessly with our team, leveraging their experience, to achieve our objectives.”
Finally, John Bick, Chief Commercial Officer of Priority Power, concluded. “Our entire development process was tailored to FireBird’s specific needs and objectives; and will deliver operational savings while reducing their carbon footprint.”