A utility-scale solar energy project can help transform local economies, which enhances the quality of life and opportunities in a community.
With millions of dollars in new tax revenue (or directed payments in lieu of taxes) communities can build new school facilities, enhance roads and bridges, and expand emergency services – all without increasing local taxes on property.
Solar delivers affordable clean energy via predictable contracts that do not fluctuate over time. The cost of installing a ground-mounted, utility-scale solar project have declined by 70% over the last 10 years. These declines, combined with an unlimited and abundant free fuel source, make solar financially competitive with conventional power plants. Utilities and large companies across the country are taking advantage of this to procure a long-term, fixed-price supply of electricity.
Ørsted is a global renewable energy company with operations in Europe, Asia-Pacific and North America. Publicly traded since 2016 and headquartered in Denmark, Ørsted develops, constructs, owns and operates offshore and onshore utility-scale wind farms, solar, energy storage facilities and bioenergy plants and provides energy products to its customers. In the United States, Ørsted’s renewable energy portfolio spans technologies and geographies with onshore wind, offshore wind, solar and storage in operation or construction across Texas, the Midwest and Northeast markets. Of Ørsted’s 8 GW of global installed capacity, we have 1.6GW of onshore wind in the US with a further 100MW under construction. In addition, we have 687MWAC of solar PV and battery storage under construction. By 2025 we aim to have at least 5 GW operational onshore capacity across the country. Ørsted has the ambition to be a global green energy major in the rapidly expanding renewable energy market with 30 gigawatts of installed capacity by 2030, enough to power the lives of more than 55 million people.
For more information on Ørsted, visit us.orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.