Processing Magazine

Chevron to Build Solar Plant in New Mexico

February 24, 2010

Chevron Corp. will build a solar power plant near a mine that a subsidiary operates in New Mexico. According to the Associated Press, the plant will generate electricity by spreading 175 solar panels across 20 acres at Chevron''s molybdenum mine in the village of Questa. Chevron, the country''s second-largest oil company, didn''t disclose how much it would cost to build. Kit Carson Electric Cooperative has agreed to buy the energy generated from the 1-megawatt plant through a power-purchase agreement. Construction is scheduled to begin in the spring. Chevron Technology Ventures, the subsidiary that''s building the plant, views the plant as a demonstration site that will teach the company how to use solar on other properties.