Targa Resources Corp. plans to source electricity from Concho Valley Solar to provide power to Targa’s natural gas processing infrastructure in the Permian Basin in West Texas. Concho Valley Solar is a joint development between Merit SI and Komipo America Inc.
Concho Valley Solar began construction of a 160-megawatt alternating current project near San Angelo in Tom Green County, Texas, in the fourth quarter of 2021 and is expected to begin delivery of the electricity during the fourth quarter of 2022. Concho Valley Solar will deliver the electricity to Targa under a long-term power purchase agreement. The project will utilize bifacial solar photovoltaic modules.
As joint owner in much of Targa’s Midland Basin gas processing infrastructure, Pioneer Natural Resources will participate in the electricity sourced from the Concho Valley Solar project, enhancing its emissions reduction initiatives through renewable electricity purchases and related renewable energy credits, according to a Targa press release.
Targa says the agreement continues to advance its long-term sustainability strategy to reduce its emissions intensity.
Targa Resources is a provider of midstream services and one of the largest independent midstream infrastructure companies in North America. The company owns, operates, acquires and develops midstream infrastructure assets. It is primarily engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGL) and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.