Ørsted Commences Building of its Largest Onshore Project

Mar 30, 2021 11:20 AM ET
  • Ørsted introduces final investment decision on the mixed wind as well as solar PV project Helena Energy Center in South Texas and also incorporates the US trading team right into the Onshore organization.

Ørsted has actually taken a final financial investment choice on its biggest onshore project to date, the 518 MW crossbreed wind and solar PV project, Helena Energy Center, with an expected functional day in the initial fifty percent of 2022.

The project increases Ørsted's onshore portfolio to Bee County, South Texas. The hybrid nature of the project allows Ørsted to increase making use of the excellent area, in a highly liquid market, on a main transmission import course into the San Antonio load centre and in a location qualified by strong seaside winds and also sunlight.

The Helena Energy Center includes 268 MW Helena Wind and 250 MWAC solar PV Sparta Solar, and also has actually safeguarded agreements with several corporate offtakers consisting of Henkel for a portion of the wind generation and also Target for a section of the solar generation.

As part of the Helena Energy Center project, Ørsted is partnering with the Texas Indigenous Seeds Program, a charitable r & d program of Caesar Kleberg Wildlife Research Institute at Texas A&M-- Kingsville, to research the optimum seed mix and also planting procedure to grow native yards under a part of the solar project. Potential benefits consist of reduced operational costs, enhanced biodiversity to draw in pollinators, reduced erosion, and manufacturing enhancements by lowering the ambient temperature level.

Ørsted is constructing at range as well as rated amongst the leading 5 US constructors in terms of capability additions in 2020. The project takes Ørsted's onshore functional and under construction portfolio to 4 GW, a portfolio that is both geographically as well as technically diverse, extending Texas, the Midwest, and also Southeast United States across wind, solar, and also storage space.

With the considerable portfolio growth over the coming years, Ørsted's United States energy trading group, yet part of the business's Markets organization system, has been integrated into Ørsted's onshore company, reinforcing the capacity for Ørsted to handle risk a lot more dynamically. Ben Pratt has been designated to lead the Chicago-based team as well as joins the Onshore monitoring group which remains to be headed by Onshore CEO Declan Flanagan.

"We have actually promptly become one of the largest builders of new wind and also solar in the United States, and having first-rate capacities in all facets of energy markets is central to our ambitious growth plans," claimed Declan Flanagan, Executive Vice President & CEO Onshore at Ørsted. The integration of our Chicago-based trading team under Ben's leadership additionally develops our emphasis as well as implementation ability," proceeded Flanagan.

Formerly, Ben served as Senior Managing Director with Uniper Worldwide Assets (formerly E.On), as well as has extensive history handling portfolio threat across the whole power market facility.