BP Powers Petrochemical Complex with 187MW Solar Park
- BP's Peacock Solar project in Texas is taking flight! 187-MW of ultra-low carbon solar energy powering Gulf Coast Growth Ventures will be operational in 2024. Lightsource bp is helping with development, and the renewable energy ambitions of BP are soaring.
BP plc has begun construction of the 187-MW DC Peacock Solar project in Corpus Christi, Texas. The solar facility will sell its entire output to the petrochemical complex of Gulf Coast Growth Ventures, a joint venture between ExxonMobil and Saudi Arabia’s SABIC, under a long-term Power Purchase Agreement. Lightsource bp, which is half owned by BP, is developing the project, while PCL Construction is the main EPC contractor, with US-based First Solar and GameChange Solar providing ultra-low carbon solar panels and trackers. The solar park is expected to become operational in the second half of 2024, partially powering the plant. Peacock supports BP's ambition to develop 50 GW of renewables capacity by 2030.
What Impact Will BP's Peacock Solar Project Have?
- The Peacock Solar Project is expected to generate enough energy to power more than 43,000 homes, reducing carbon emissions by an estimated 869,000 tons per year, the equivalent of taking about 175,000 cars off the road.
- The project is expected to support the local economy through the creation of more than 400 jobs during construction and seven permanent jobs once operational.
- BP is investing in the project to diversify its portfolio and reduce its environmental impact.
- By supplying clean energy to Gulf Coast Growth Ventures’ petrochemical complex, BP is demonstrating the potential for renewable energy to power large-scale industrial projects.
- The project is expected to be a catalyst for further renewable energy development in the region, leading to more sustainable economic growth.
- By purchasing green energy, Gulf Coast Growth Ventures is demonstrating its commitment to reducing its environmental impact.