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Orsted Acquires Under Construction Solar Farm in Alabama

Power News - Published on Tue, 14 Jul 2020

Image Source: Orsted Colbert County Solar Far
Ørsted continues to expand its solar footprint via the acquisition of the 227MWac under construction Muscle Shoals solar project located in Colbert County in Alabama in the US. Concurrent to the acquisition, Ørsted enters into a tax equity funding commitment with Wells Fargo. The project will be Ørsted's second solar project in the US, following the decision in November 2019 to commence construction of the Permian Energy Center solar plus storage project in Texas. Following the acquisition of Muscle Shoals, Ørsted will have two solar projects totaling 647MWac of generation capacity under construction across the US along with 40MWac of storage capacity.

Muscle Shoals is expected to come online in third quarter 2021. The modules for the project will be supplied by First Solar.

The acquisition of the project, which is fully contracted under a long-term power purchase agreement with the Tennessee Value Authority (TVA), marks the first project in southeast US, an area in which we have a further pipeline of projects in development.

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Posted By : Yogender Pancholi on Tue, 14 Jul 2020
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