LyondellBasell Signs PPA with Buckeye Partners for 165 MW of Solar Energy

LyondellBasell has signed two additional long-term renewable electricity power purchase agreements (PPA) with Buckeye Partners for a total of 165 MW to be sourced from Buckeye’s solar farms currently under construction in north Texas.

This agreement is LyondellBasell’s fourth renewable energy PPA. It follows PPAs with ENGIE North America (100 MW) and Buckeye (116 MW) announced by the company one month ago. These four agreements total 381 MW of renewable power and are estimated to produce approximately 1,037,000 MWh annually.

“Infused in the work we do and products we make is our commitment to continually improve the quality of life and the environment,” says Peter Vanacker, CEO of LyondellBasell. “Renewable energy is an important step to achieving our GHG emission reduction goals on our journey to net-zero by 2050. Our products are essential to the energy transition by being used in the production of solar panels, wind turbines, and electric vehicles. Expanding our investment in wind and solar energy sources helps reduce the emissions associated with producing the vital products which make renewable energy possible.”

Buckeye’s Crown and Sol solar projects are located in Falls County, Texas on adjacent sites and are expected to commence commercial operations in the third quarter of 2023. LyondellBasell’s PPA terms are for 15 years. LyondellBasell estimates that the projects will generate more than 400,000 MWh of clean energy annually.