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Chevron Corp CVX

Alternate Symbol(s):  N.CHEV

Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and the industry. The Company’s upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. The Company’s downstream operations consist primarily of refining of crude oil into petroleum products; marketing of crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and others.


NYSE:CVX - Post by User

Bullboard Posts
Post by bc4uon Feb 03, 2013 6:13pm
158 Views
Post# 20931635

US: Thin film solar energy sells cheaper than coal

US: Thin film solar energy sells cheaper than coal

US: Thin film solar energy sells cheaper than coal fired
01. FEBRUARY 2013 | APPLICATIONS & INSTALLATIONS, INDUSTRY & SUPPLIERS | BY: MAX HALL
According to the terms of the proposed PPA for the 50 MW Macho Springs solar park in New Mexico, First Solar would be selling the energy generated by its thin film modules for a record low price for the technology.
Thin film generated solar energy from the Macho Springs plant in New Mexico will be cheaper than coal fired energy.
Flickr/boutmuet
News agency Bloomberg cites a New Mexico Public Regulation Commission document relating to the yet-to-be-agreed PPA in which El Paso Electric Company agrees to pay just US$57.90/MWh generated at Macho Springs.
The resulting $0.0579, or six cents, per kWh is less than half the average price of energy generated by new coal-fired power stations (12.8c/kWh) and significantly less than the typical price of thin film generated power (16.3c/kWh, both according to figures from Bloomberg New Energy Finance).
The PPA is expected to be signed off by June.
Bullboard Posts