SunPower has started the construction of the Lost Hills Solar Project. The 35 megawatt DC (29 megawatt AC) system will feature Performance Series solar panels assembled in Hillsboro, Oregon, and deliver low-carbon electricity to Chevron's Lost Hills oil field in Kern County, California, under a power purchase agreement.
Over the project's term of up to 20 years, the solar farm is estimated to produce more than 1.4 billion kilowatt hours of clean solar energy, thereby reducing carbon dioxide (CO2) emissions by approximately 1 million metric tons. This is equivalent to offsetting the CO2 emissions of 118,550 homes' energy use for one year. Once complete in early 2020, the solar project is expected to provide power to the Lost Hills production and processing facilities and offices, meeting approximately 80 percent of its energy needs.
Goldman Sachs Renewable Power (GSRP) will own the system and Chevron will receive environmental credits under the state of California's Low Carbon Fuel Standard (LCFS) program.
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