Climate Changed
Exxon Seeks Wind, Solar Power Delivery in Texas
- Document shows oil company in market for 12-20 year contracts
- Large request ‘shows that renewables are cost competitive’
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Exxon Mobil Corp. has been looking to buy renewable energy for delivery in Texas, according to people familiar with the matter.
The largest U.S. oil company sent out a request for proposals with a June 8 deadline, inviting solar or wind power suppliers to pitch contracts that would last 12, 15 or 20 years, according to a document obtained by Bloomberg and people with knowledge who asked not to be named discussing confidential matters. Exxon, based in Irving, Texas, is seeking at least 100 megawatts and would consider proposals for more than 250 megawatts.