Ørsted to acquire 430 MW PV project in Texas
Post date: 04/12/2020 - 12:04
Danish Ørsted A/S has taken final investment decision on the 430 MW »Old 300 Solar Center«, which is located in Fort Bend County, 40 miles from Houston, Texas, and is expected to come online in Q2 2022. Over the past year, Ørsted has significantly increased its solar portfolio and with the addition of Old 300, now has 1.1 GW of solar PV under construction, leading to a total of 3.4 GW of capacity in operation and under construction across onshore wind, solar PV and storage.
»Old 300« is located close to Houston, one of the largest and fastest growing metropolitan areas in the US and benefits from a long-term PPA, according to the company. The project will create an income source for family ranches who lease their land for the project. Furthermore, project construction will create up to 400 jobs at its peak and the long-term operation of »Old 300« will generate over $40 million in property tax revenue for Fort Bend County and the Needville Independent School District. The plant will cover an area of 2,800 acres and utilize approximately 1 million bifacial modules, supplied by JA Solar and Longi Solar. Inverters will be supplied by SMA America.