Maplewood 2 Solar Project will deliver low-cost, clean power to Energy Transfer under first-ever dedicated solar contract
DALLAS, April 28, 2021 –Energy Transfer (NYSE: ET) today celebrated the official energizing of the Maplewood 2 Solar Project located in Pecos County. The 28 MWac facility in West Texas will deliver low-cost, clean power to Energy Transfer under a 15-year Power Purchase Agreement (PPA). This PPA marks Energy Transfer’s first-ever dedicated solar contract.
“The completion of the Maplewood 2 Solar Project is an important milestone in our ongoing commitment to reducing our environmental footprint by integrating alternative energy sources when economically beneficial,” said Tom Mason, head of the Alternative Energy Group for Energy Transfer. “Nearly 20 percent of the electrical energy we purchase from the grid originates from renewable sources. We continue to look for other opportunities in the alternative energy industry that make sense for us as a Partnership and look forward to making additional announcements in this area in the future.”
Power from the Maplewood 2 solar farm will be applied to Energy Transfer’s assets in West Texas including its three cryogenic plants in the region along with numerous compressor and pump stations.The facility includes 92,249 solar modules (panels) and encompasses approximately 200 acres of land in Pecos County in the Permian Basin of West Texas. The facility was developed and constructed by Recurrent Energy, a wholly-owned subsidiary of Canadian Solar Inc. (NASDAQ: CSIQ).
Mike Arndt, President and General Manager of Recurrent Energy remarked, “Today’s celebration recognizes the importance of a symbiotic relationship between traditional energy and renewable energy. It’s been a pleasure to partner with Energy Transfer to provide an economical, clean energy solution that will support their U.S. operations.”
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About Energy Transfer
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at www.energytransfer.com
Energy Transfer Forward-Looking Statement
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in Energy Transfer LP’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. In addition to the risks and uncertainties previously disclosed, ET has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic and we cannot predict the length and ultimate impact of those risks. ET undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
Energy Transfer Investor Relations Contacts
Bill Baerg
VP, Investor Relations
Tel: 214-981-0795
[email protected]
Brent Ratliff
VP, Investor Relations
Tel: 214-981-0795
[email protected]
Lyndsay Hannah
Director, Investor Relations
Tel: 214-981-0795
[email protected]
Energy Transfer Media Relations Contacts
Lisa Coleman
Media Relations
Tel: 214-840-5820
[email protected]
