Buckeye Partners Continues to Invest in Energy Transition With Strategic Solar Acquisition
07.30.2021 - NEWS

July 30, 2021 [GlobeNewsWire] – Advanced Solar Development Investment in Texas Reflects Buckeye’s Focus on Energy Diversification, Sustainability & ESG Performance


As part of its strategic approach to long-term value creation, Buckeye Partners, L.P. (“Buckeye”) has taken another step by acquiring a solar development project in Hill County, Texas from leading renewable energy developer, Dallas-based Belltown Power Texas, LLC., (“Belltown”).

“Buckeye is focused on being an integral part of the next phase of the energy evolution, and investments like this – along with several other recently announced strategic investments in critical renewable and low-carbon opportunities – demonstrate our commitment to responsibly serving our customers’ needs while reinforcing our business’ long-term resiliency,” said Buckeye President and CEO Clark C. Smith.

Located on 1,164 acres approximately 90 miles south of Dallas, the advanced solar development project – with site control and an interconnection agreement complete – is designed for 180 megawatts of planned capacity. Buckeye intends to start project construction later this year with the goal of bringing the development online by December 2022.

“Texas continues to be at the fore of the energy transition, and we are proud of our team’s work on this important project, which is in good hands with Buckeye Partners. Belltown is excited to see this project and others like it, mature to create meaningful benefits and contribute to the lower-carbon shift that is evolving with increasing momentum,” said Belltown President Lloyd Pope.

This project will bring additional solar generation capacity to Buckeye’s existing renewable energy portfolio and in combination with other recent strategic renewable generation and hydrogen-related investments, will contribute to further diversifying the Company’s revenue sources and positioning Buckeye to meaningfully participate in the energy transition.

“This is an exciting time for Buckeye as we build on our long history of demonstrated leadership as a midstream logistics provider to evolve into a more diversified energy company,” added Mr. Smith.

Click Here to Access Today a 7,000 Tank Terminal Database With a Pro Trial

7,000 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Why Is There a Decrease of Worldwide Oil-Refining?
06.27.2022 - NEWS
June 27, 2022 [VOA] – Drivers around the world are feeling pain as fuel prices greatly incr... Read More
LNG Terminal in Wilhelmshaven: Construction of the Pipeline May Start Early
06.27.2022 - NEWS
June 27, 2022 [CALIFORNIA18] – The State Office for Mining, Energy and Geology (LBEG) in Lo... Read More
ExxonMobil to Look at Revamping Oil Terminal for Green Hydrogen
06.27.2022 - NEWS
June 27, 2022 [ENERGY VOICE] – Oil giant ExxonMobil (NYSE: XOM) is to study the potential f... Read More
Oman’s Duqm Refinery Works 92% Complete
06.27.2022 - NEWS
June 27, 2022 [The Economy CI ub] – Oman’s Duqm refinery works are nearly 92 percent comp... Read More