The 670,000 solar panel project is now complete, increasing Ørsted’s operational solar PV capacity to 647 MW and diversifying the company’s footprint through a new partnership with the Tennessee Valley Authority.

Originally posted on the Ørsted website on September 20, 2021

BOSTON, Oct. 28, 2021 / CSRwire / – Ørsted continues to expand its solar footprint across the United States and has completed the 227 MWAC Muscle Shoals solar photovoltaic project in Colbert County, Alabama. Located in the Tennessee Valley Authority (“VAT”) service area, the project has a long-term PPA with VAT. This new project will support the sustainability goals of Facebook’s data center in Huntsville, Alabama, which has just started operations.

“We are very pleased to expand our diverse and high-quality customer base through this long-term partnership with TVA and Facebook,” said Vishal Kapadia, Commercial Director of Ørsted’s Onshore business, adding: “The acquisition and the completion of Muscle Shoals represents the continued successful execution of our expansion strategy in which we seek to complement our new market development activities in the core market with opportunistic acquisitions in new markets in order to diversify our wallet. “

“This solar farm is a historic moment in TVA’s history,” said Doug Perry, senior vice president, TVA Commercial Energy Solutions, adding, “This is the first Green Invest project to go live, and it demonstrates the value of TVA’s focus on cleaner energy. . Green Invest is helping us build the clean, low-cost energy system of the future that is essential to achieving our environmental goals and competing for jobs in the new clean economy.

Since 2005, TVA has reduced its carbon emissions by 63%. With a variety of initiatives, including long-term customer partnerships for Green Invest projects, the utility plans to reduce that number to 70% by 2030, 80% by 2035, and achieve production net of zero emissions by 2050.

Ørsted acquired Muscle Shoals in 2020 from Longroad Energy and has 1.4 GW of solar and storage capacity in operation and under construction.

About Ørsted

Ørsted’s vision is a world that runs entirely on green energy. Ørsted develops, builds and operates offshore and onshore wind farms, solar farms, energy storage facilities and bioenergy plants, and supplies energy products to its customers. Ørsted ranks as the world’s most sustainable energy company in the 2021 Corporate Knights Index of the World’s 100 Most Sustainable Companies and is recognized on the CDP’s A List on Climate Change as a global leader in climate action. Based in Denmark, Ørsted employs 6,472 people. Ørsted shares are listed on Nasdaq Copenhagen (Orsted). In 2020, the group’s turnover amounted to 52.6 billion Danish kroner (7.1 billion euros). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.

About VAT

The Tennessee Valley Authority is a trade agency in the United States that supplies electricity to commercial customers and local power companies, serving nearly 10 million people in parts of seven southeastern states. TVA receives no funding from taxpayers, deriving almost all of its income from the sale of electricity. In addition to operating and investing its revenues in its power system, TVA provides flood control, navigation, and land management for the Tennessee River system, and assists local power companies and state governments. and local in economic development and job creation.

Contact information
Ørsted media relations
Catherine Ejlskov
+45 99 55 10 23
katej@orsted.dk

VAT media relations
Scott Fiedler, Chattanooga
423-901-414-6964
TVA Public Relations, Knoxville
865-632-6000
www.tva.com/newsroom
Du kan lse mere om TVA ved at følge dem on Facebook, Twitter og Instagram

Ørsted Investor Relations
Allan Bødskov Andersen
+45 99 55 79 96
alban@orsted.dk