Sustainability, Strategy and Best Practices

California Offshore Wind Industry Report

November 15, 2022

California Offshore Wind Industry Report
In the fall of 2022, Offshore Wind California, along with individual member companies, worked together to prepare
a report on progress and developments in the state’s offshore wind power industry. This document updates a March
2021 document that addressed questions from staff at the California Public Utilities Commission (CPUC). Among
the highlights of the 2022 update

Spotlight

Valero Energy Corporation

Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, petrochemical products and power. Valero subsidiaries employ approximately 10,000 people, and assets include 15 petroleum refineries with a combined throughput capacity of approximately 2.9 million barrels per day, 11 ethanol plants with a combined production capacity of 1.3 billion gallons per year, and a 50-megawatt wind farm. More than 7,400 outlets carry the Valero, Diamond Shamrock, Shamrock and Beacon brands in the United States and the Caribbean; Ultramar in Canada; and Texaco in the United Kingdom and Ireland. Through subsidiaries, Valero owns the general partner of Valero Energy Partners LP, a midstream master limited partnership. Valero is a Fortune 500 company based in San Antonio.

OTHER WHITEPAPERS
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Foundry For Renewables

whitePaper | July 31, 2022

Changes in climate and energy policy paired with shifts in supply and demand are causing disruptions to energy systems across the globe. Renewable energy generation is at the core of this transition. Investing and empowering the energy sector to sustainably optimize performance, production, and scale must become a transformational effort to innovate for the future. Data is at the heart of this revolution. Renewable power generation is highly dependent on weather and site conditions, which are everchanging, and the process outputs large-scale data that is often difficult to integrate, visualize, or leverage.

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A SIMPLE STEP FOR CLEANER AIR TODAY

whitePaper | January 4, 2022

Higher temperatures. Longer and more intense wildfire and hurricane seasons. More frequent droughts. Less snowpack and melting glaciers. The signs of climate change are all around us. The chief cause is greenhouse gas (GHG) emissions, including those from human activities like burning fossil fuels.

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Scaling up the American wind industry

whitePaper | January 16, 2023

With the enactment of the Inflation Reduction Act (“IRA”) in August 2022, the United States signaled its commitment to reducing emissions in line with the Paris Climate Agreement. The IRA’s reach extends across industries and, in particular, across energy technologies. Its primary achievement in the energy and climate space is the unprecedented provision of public incentives for clean energy deployment and manufacturing capacity. These incentives provide the necessary long-term certainty required by wind industry stakeholders to make large capital investments in the U.S. market, which will in turn create jobs and economic opportunities for communities across the country.

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The NYISO Interconnection Process

whitePaper | January 11, 2023

State and federal clean energy policies are driving an historic transition of the existing electric generating fleet in New York, including a dramatic increase in the development of clean energy projects. Mandates under the state’s Climate Leadership and Community Protection Act (CLCPA) require 70% renewable energy by 2030 and an emissions-free electric system by 2040. The Inflation Reduction Act, signed into law by President Biden in August 2022, makes $370 billion available in tax credits and incentives to speed the country’s transition to clean energy technology – the most aggressive climate related action ever taken by Congress.

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Towards 100% renewable energy : Utilities in transistion

whitePaper | January 13, 2020

The IRENA Coalition for Action is an international network with a vision for its members to work together to advance renewable energy in order to drive the global energy transformation in line with the Sustainable Development Goal on energy This white paper has been developed in a joint effort by Members of the Coalition Working Group Towards 100% Renewable Energy. Building on several case studies and first-hand interviews with utilities, the paper outlines a broad variety of experiences and lessonslearned from utilities undertaking the transition to 100% renewable energy.

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Sustainable Equity Whitepaper

whitePaper | September 14, 2022

The rise and rise of sustainable investment has been clear over the past decade, with inflows hitting all-time highs amid the pandemic, as investors reflected on the implications of their capital allocations. Additionally, national and supranational governments have given significant nudges to pension funds and other non-profit-led organisations to not just consider, but also report on how their asset selection might affect the rest of us in the long term.

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Spotlight

Valero Energy Corporation

Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, petrochemical products and power. Valero subsidiaries employ approximately 10,000 people, and assets include 15 petroleum refineries with a combined throughput capacity of approximately 2.9 million barrels per day, 11 ethanol plants with a combined production capacity of 1.3 billion gallons per year, and a 50-megawatt wind farm. More than 7,400 outlets carry the Valero, Diamond Shamrock, Shamrock and Beacon brands in the United States and the Caribbean; Ultramar in Canada; and Texaco in the United Kingdom and Ireland. Through subsidiaries, Valero owns the general partner of Valero Energy Partners LP, a midstream master limited partnership. Valero is a Fortune 500 company based in San Antonio.

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