Exxon Mobil Corp., the world’s largest publicly traded oil company, has agreed to buy half a gigawatt of renewable energy to help run operations in its home state of Texas.
Denmark’s Orsted A/S will supply the largest U.S. oil producer with 250 megawatts of solar and 250 megawatts of wind power beginning in 2020, according to a slide from an Orsted investor presentation Wednesday. That’s enough power to supply about 400,000 average U.S. homes. Irving, Texas-based Exxon signed 12-year contracts for the renewable energy to serve company operations in the state, said Julie King, an Exxon spokeswoman.
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