Chevron puts Hawaiian solar projects on ice

Chevron (CVX +0.4%) has taken another step away from its renewable energy efforts, putting a pair of solar projects at its Kapolei refinery in Hawaii on indefinite hold.

The tabled projects include a farm of solar panels that would have spanned almost five acres and supplied as much as 1 MW of electricity to the local utility, and a demonstration solar thermal project which would have covered 15 acres and used mirrors to generate steam to help power the Hawaii refinery.

CVX says the projects are being put on hold as it focuses resources on other projects, such as its $54B liquefied natural gas plant in Australia.

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Comments (15)
  • booroy2
    , contributor
    Comments (235) | Send Message
    Good thinking. Stay with the cheap energy we already have in stead of spending a fortune just to save a few atoms of carbon from escaping!
    Long CVX.
    13 Aug 2014, 03:46 PM Reply Like
  • dunkmaster
    , contributor
    Comments (1600) | Send Message
    good thinking? based on what?


    I don't see any thinking as your point seems to be political not intellectual.
    13 Aug 2014, 04:07 PM Reply Like
  • tealone
    , contributor
    Comments (322) | Send Message
    Totally agree and, looking at he "likes" on your comment compared to those that disagree, I would say we are in the majority!
    14 Aug 2014, 12:48 PM Reply Like
  • dunkmaster
    , contributor
    Comments (1600) | Send Message
    yes ... you are in the majority ... that means right of course.
    3 Sep 2014, 11:25 AM Reply Like
  • Bobco23
    , contributor
    Comments (245) | Send Message
    Are solar projects economically viable for CVX if the governmental subsidies and tax credits are withdrawn? If not, then it would make sense to withdraw. I see Nextera Energy (the old FPL Group) spun out is very large "clean energy" portfolio. Is there a trend here?
    13 Aug 2014, 04:00 PM Reply Like
  • devlau20
    , contributor
    Comments (688) | Send Message
    Of course these comments are political. What could be more political than global warming and alternate energy? Greed? C'mon CVX, "15 acres" dedicated to solar panels? That's a garden farm in most states. Pocket change for CVX! Certainly not a contributor to the $56B LNG project in Australia, & at least to the right of the decimal point. Why would CVX commit then w/draw such a tiny solar project, no doubt it succumbed to political pressure on each side of the issue. In Hawaii, especially if you own & operate this state's only refinery, do something for the environment, further ingratiate yourself to the Blue powers that be and always will be in HI, and offset the pollution dump you create with that old refinery. Ah, but Big Oil is ultimately owned & operated lock, stock and dirty oil barrel by that other group….you know, "What Global Warming?" This reversal makes CVX look ridiculous, and for what? Pocket change? Or was it satiating execs & board members?
    13 Aug 2014, 04:30 PM Reply Like
  • Neurology
    , contributor
    Comments (168) | Send Message
    You're exactly right. What global warming???

    13 Aug 2014, 04:35 PM Reply Like
  • Fracjob
    , contributor
    Comments (2482) | Send Message
    Pretty high up on the pedestal preaching while spending other peoples money. Typical.
    13 Aug 2014, 05:19 PM Reply Like
  • JD in NJ
    , contributor
    Comments (1635) | Send Message
    Seventeen years and nine months? What an odd amount of time to use. I wonder why the starting date was selected.
    13 Aug 2014, 07:56 PM Reply Like
  • CoSyBob
    , contributor
    Comments (162) | Send Message
    Law of Sustainability: If it's not economically sustainable, it's not sustainable.
    John R Christy
    13 Aug 2014, 04:46 PM Reply Like
  • JoeBubba
    , contributor
    Comments (38) | Send Message
    Ah, the reality of a genuine economic assessment of energy alternatives raises its ugly head and common sense dictates. Solar can only work if (1) we tax greenhouse gas emissions at a fairly high rate (say, $75/ton of CO2), or (2) we persist in the Rube Goldberg system of the government's Holy Trinity (subsidies, incentives and mandates). No politician has the political stomach for the first option, no matter how progressive they say they are, and the second just doesn't work over the long haul. Good to see CVX stepping back from greenwashing.
    13 Aug 2014, 04:54 PM Reply Like
  • irishhawk
    , contributor
    Comment (1) | Send Message
    Hawaii needs to be grateful that Chevron has invested the money to put a local refinery that means mega savings to all residents vs the off the wall prices on about everything else that has to be imported to facilitate their way of life on these rocks.
    Current avg price in Hawaii is 4.29 while at 4.19 in CA. Without Chevron refinery kick that up about a $1.00 a gallon.
    13 Aug 2014, 05:40 PM Reply Like
  • peter doyle
    , contributor
    Comments (23) | Send Message
    I'd rather live in Hawaii @ $5 a gallon than Texas @ $3 a gallon. My fuel cost would be much, much lower in Hi.
    14 Aug 2014, 02:15 PM Reply Like
  • dmulroney
    , contributor
    Comments (6) | Send Message
    With finite resources cvx is attempting to bring several large LNG projects online. Although these are still carbon fuels, for Asia these are much cleaner than what is being used. They are rationalizing other assets and programs to do so. I appreciate this allocating or preservation of capital to go for the big win. Get rid of costly distractions and let innovators play with new and marginal technologies.
    17 Aug 2014, 08:44 AM Reply Like
  • crazty4tennis
    , contributor
    Comments (1278) | Send Message
    Long CVX.
    19 Aug 2014, 09:25 AM Reply Like
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