Chevron (CVX)

SANTA FE, N.M., Feb. 23 /PRNewswire/ -- In the presence of Governor Bill Richardson, Chevron Mining Inc. (CMI), a subsidiary of Chevron Corp (NYSE: CVX) announced that sister company Chevron Technology Ventures (CTV), will build a one megawatt concentrating photovoltaic solar facility on the tailing site of CMI's molybdenum mine in Questa, New Mexico. The project will demonstrate and evaluate an emerging solar technology and a practical use of previously impacted land. The electricity produced will be sold to Kit Carson Electric Cooperative through a power purchase agreement. Project construction is scheduled to begin in spring 2010 and conclude by year-end.
The demonstration project will be the largest concentrating solar photovoltaic installation in the U.S. This is one of several solar technologies being carefully watched for practicality and a future potential payoff.

Feb 23 · 7:39:00 PM · Source: Company Press Release
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by Jeffrey Epstein