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14 Sep 2023

Orsted Invests in Its First British Solar Energy Project

14 Sep 2023  by reuters   

Electric power transmission pylon miniatures and Orsted logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights
Denmark's Orsted (ORSTED.CO) has made its first investment in a British solar power project, the energy developer said on Wednesday.

The One Earth Solar Farm is a 740 megawatt (MW) project slated to have battery storage in the East Midlands region of England and which is being co-developed with Britain's PS Renewables.

Once operational, One Earth Solar Farm will generate enough electricity to power up to 200,000 homes, making it one of the largest solar parks in Britain, Orsted said.

An Orsted spokesperson declined to say how much the company is investing in the project.

Orsted and PS Renewables are targeting commercial operation before 2030.

Orsted is the world's largest offshore wind farm developer, but also operates 420 MW of onshore wind farm capacity in Britain and Ireland.

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