Orsted invests in its first British solar energy project - Reuters
Orsted invests in its first British solar energy project | Reuters
Orsted invests in its first British solar energy project
Electric power transmission pylon miniatures and Orsted logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights
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COPENHAGEN, Sept 13 (Reuters) - 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.
Reporting by Louise Breusch Rasmussen Editing by Terje Solsvik and David Goodman
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Related Knowledge Center: ENERGY BASICS: solar
Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.