Ørsted acquires 227 MW solar project in USA
Ørsted has acquired Longroad Energy's 227 MWac under construction Muscle Shoals solar project located in Colbert County, Alabama, in the USA. Concurrent to the acquisition, Ørsted enters into a tax equity funding commitment with Wells Fargo.
The project will be Ørsted's second solar project in the US, following the decision in November 2019 to commence construction of the Permian Energy Center solar plus storage project in Texas. Following the acquisition of Muscle Shoals, Ørsted will have two solar projects totaling 647 MWac of generation capacity under construction across the US along with 40 MWac of storage capacity.
Muscle Shoals is expected to come online in the third quarter of 2021. The modules for the project will be supplied by First Solar.
The acquisition of the project is fully contracted under a long-term power purchase agreement with the Tennessee Value Authority (TVA).
Vishal Kapadia, Senior Vice President & CFO Onshore, said: "The acquisition of Muscle Shoals continues the expansion of our solar portfolio and further diversifies the geographic footprint of our asset base by establishing a foothold in the rapidly growing Southeast solar market. Once complete, Muscle Shoals will deliver high-quality contracted revenues that will provide Ørsted an attractive incremental source of stable earnings."
Country news
-
-
July 13, 2020
Engie sells 49% stake in 2.3 GW of renewables in the USA
ENGIE has signed an agreement to sell 49% equity interest in a 2.3 GW US renewables portfolio to Hannon Armstrong, a leading investor in climate change solutions. ENGIE will retain a controlling share in the portfolio and continue to manage the assets.
Read more -
July 06, 2020
Ørsted completes 230 MW wind farm in USA
Ørsted has completed a 230 MW wind farm in Nebraska's Wayne County. Plum Creek wind farm consists of 82 wind turbines and represents Ørsted's first operational project in Nebraska. Even amidst global challenges, the project was completed on schedule and brings Ørsted's operational onshore capacity to 1.6 GW.
Read more -
June 22, 2020
Pattern Energy closes on 1GW wind development opportunity in USA
Pattern Energy Group LP (Pattern Energy) has completed the acquisition of the Clines Corners wind power development opportunity located in Torrance and Guadalupe Counties, New Mexico, from Orion Wind Power Resources, LLC, a joint venture between Orion Renewable Energy Group LLC (Orion) and MAP® Energy. The Clines Corners development opportunity will support up to 1,000 MW of wind power on approximately 122,000 acres of private and state lands.
Read more -
June 19, 2020
Two PPAs signed for 250MW solar-storage center in USA
8minute Solar Energy has executed a power purchase agreement (PPA) with Monterey Bay Community Power Authority (MBCP) and Silicon Valley Clean Energy (SVCE). The 250 megawatt (250 MWdc / 200 MWac) Aratina Solar Center is being built in Kern County, California and includes 150 megawatt-hours (MWh) of energy storage which will provide enough power for 93,000 homes.
Read more -
June 15, 2020
Clearway brings online 419MW onshore wind farm in USA
Clearway Energy Group has completed the construction and brought online Mesquite Star, a 419 megawatt (MW) wind farm in Fisher County, Texas. Mesquite Star is contracted under an aggregation of long-term power agreements with several corporate and institutional customers, including Ecolab, Lowe’s, Intuit, and Brown University. The project was constructed by Blattner Energy, Inc., with wind turbines supplied by Siemens Gamesa Renewable Energy and a tax equity investment by BHE Renewables.
Read more
