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 develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2021 index of the Global 100 most sustainable corporations in the world and is recognized on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,179 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2020, the group's revenue was DKK 52.6 billion (USD 8.1 billion).
For more information on Ørsted, visit us.orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.