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.
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 is recognized on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs over 8,000 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).
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