UK markets close in 12 minutes
  • FTSE 100

    7,853.77
    +17.06 (+0.22%)
     
  • FTSE 250

    20,163.59
    -245.79 (-1.20%)
     
  • AIM

    878.80
    -4.99 (-0.56%)
     
  • GBP/EUR

    1.1230
    +0.0024 (+0.22%)
     
  • GBP/USD

    1.2016
    -0.0008 (-0.06%)
     
  • BTC-GBP

    19,090.24
    -206.44 (-1.07%)
     
  • CMC Crypto 200

    527.27
    +1.31 (+0.25%)
     
  • S&P 500

    4,109.66
    -1.42 (-0.03%)
     
  • DOW

    33,782.59
    -108.43 (-0.32%)
     
  • CRUDE OIL

    76.32
    +2.21 (+2.98%)
     
  • GOLD FUTURES

    1,890.30
    +10.80 (+0.57%)
     
  • NIKKEI 225

    27,685.47
    -8.18 (-0.03%)
     
  • HANG SENG

    21,298.70
    +76.54 (+0.36%)
     
  • DAX

    15,293.39
    -52.52 (-0.34%)
     
  • CAC 40

    7,113.87
    -23.23 (-0.33%)
     

Ørsted to build large-scale solar PV project in Texas

Ørsted A/S (Orsted)
Ørsted to build large-scale solar PV project in Texas
13-Jan-2023 / 14:05 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

13.1.2023 14:05:01 CET | Ørsted A/S | Investor News

Continuing its growth in onshore renewables, Ørsted has decided to build the 471 MW AC Mockingbird Solar Center in Texas. Covering an area of 4,900 acres (approx. 20 km2), Mockingbird will be able to generate enough renewable energy to power more than 80,000 homes annually, making it the largest solar PV project in Ørsted’s portfolio to date.

Ørsted has taken final investment decision (FID) on Mockingbird and will start construction of the project this month. Completion of the project is expected in 2024. 
 
David Hardy, CEO of Region Americas at Ørsted, says: “Adding almost half a gigawatt to our portfolio, the decision to build Mockingbird represents an important milestone for our onshore business and for our expansion in solar PV. We look forward to building Mockingbird and for this project to start producing clean energy at a large scale. Mockingbird will achieve this while doing so in a way that prioritises conservation and our deep commitment to the communities we serve.”
 
Almost 1,000 acres of land adjacent to Mockingbird Solar Center will be donated to The Nature Conservancy (TNC) to protect native prairie in north-east Texas. Less than 1 % of the original tallgrass prairies of Texas survive today, and less than 5 % remains nationally. The Ørsted-TNC conservation effort will be the largest preservation effort on record for this type of native prairie. 
 
“We need to deliver green energy for this generation while protecting natural habitats for the next. That’s why we’ve prioritised the Smiley-Woodfin Prairie in Texas as our first biodiversity initiative in the United States,” said Daniel Willard, Biodiversity Specialist at Ørsted. “We want to thank The Nature Conservancy for working with us on this conservation effort. Drawing on both internal expertise and outside guidance, we’ll continue to look for opportunities to protect the prairie and ensure that native plants and pollinators thrive.”
 
The land to be preserved will be transferred to TNC before the solar farm enters into operation and begins delivering renewable energy to the community.

In 2021, Ørsted signed a ten-year corporate power purchase agreement with Royal DSM, a global, purpose-led leader in health and nutrition, applying bioscience to improve the health of people, animals, and the planet, who will be purchasing a share of the power from Mockingbird as part of their global journey towards a greenhouse gas reduction of 59 % by 2030 compared to base year 2016.
 
Globally, and counting Mockingbird, Ørsted has approximately 5.5 GW of onshore renewable energy capacity in operation or under construction across onshore wind, solar, and storage, 1.8 GW of which is solar PV. Ørsted is on track to reach a total of 17.5 GW onshore capacity globally by the end of 2030 and has an ambition of installing 50 GW of renewable energy by the end of 2030, including 30 GW offshore wind.
 
For further information, please contact:
 
Media Relations
Tom Christiansen
+45 99 55 60 17 
tomlc@orsted.com
 
Investor Relations
Rasmus Keglberg Hærvig
+45 99 55 90 95
IR@orsted.com


About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Moreover, Ørsted provides energy products to its customers. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi), and Ørsted aims to deliver a net-positive biodiversity impact from all new renewable energy projects it commissions from 2030 at the latest. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2022 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs approx. 7,700 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.

Attachments


News Source: Ritzau


ISIN:

DK0060094928

Category Code:

MSCM

TIDM:

Orsted

Sequence No.:

215754

EQS News ID:

1535065


 

End of Announcement

EQS News Service

show this
show this