Ørsted has announced last week that is has completed its Sage Draw Wind project, a 338MW wind farm that straddles Garza and Lynn Counties in Texas. The 120-wind turbine project will have the capacity to meet the annual electricity needs of 120,000 American homes.
Sage Draw Wind brings Ørsted's onshore operational installed capacity to 1.3GW. Currently, the company has an additional 0.8GW of onshore wind, solar, and storage projects under construction and due to enter operations in late 2020 and early 2021.
"I'm very proud of the Ørsted team and our partners on this project who've done an excellent job with another safe, on-time, on-budget project delivery," commented Declan Flanagan, Executive Vice President of Ørsted and CEO of its Onshore business.
"The safe completion of Sage Draw amidst the escalating COVID-19 crisis is a testament to the resilience and adaptiveness of the Ørsted team and key project partners at Blattner Energy and GE Renewable Energy as well as financial partners, GE Energy Financial Services and BHE Renewables. This underscores the significant role renewable energy can play in continuing to build our economy as we manage through and beyond the current crisis."
Sage Draw Wind marks a key step in Ørsted's path to reach 5GW installed onshore capacity by 2025.
Xcel Energy announced today it will sell the Mankato Energy Center, a natural gas-fired power plant, to Denver-based Southwest Generation for $680 million, and plans to use the net gain on the sale to fund its corporate giving efforts, including support related to COVID-19 recovery. The 760-megawatt plant will continue to provide electricity to the company’s Upper Midwest customers.
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Lightsource BP has closed on a US$250 million financing package for its Impact Solar project located in Lamar County, Texas, 120 miles northeast of Dallas. The energy generated by the 260 MW project will be traded through a long-term agreement with BP.
Read moreGrasshopper Solar, a global developer and asset owner headquartered in Canada, has announced the acquisition of a 278 MWdc portfolio of solar projects in Pennsylvania from Glidepath Ventures. Once operational, the portfolio will nearly double the amount of solar assets currently operating in Pennsylvania. The company is expected to invest more than USD 300 million in the portfolio.
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ALLETE Clean Energy has acquired the 300 MW Caddo wind project in Oklahoma, USA from Apex Clean Energy, including plans to sell energy to three Fortune 500 corporate customers.
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WEC Energy Group has agreed to increase its ownership interest from 80% to 90% in 750 MW USA Midwest wind portfolio: 250 MW Blooming Grove Wind Farm in Illinois; 300 MW Thunderhead Wind Energy Center and the 200 MW Upstream Wind Energy Center both located in Nebraska. The total investment is US$118 million for an additional 75 megawatts of capacity from Invenergy.
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