Ørsted has made the final investment decision for the Old 300 Solar Center, which is located in Fort Bend County, 40 miles from Houston, Texas and is expected to go live in the second quarter of 2022.
Last year Ørsted significantly expanded its solar portfolio and with Old 300 has 1.1 GW of solar PV under construction, resulting in a total capacity of 3.4 GW in operation and under construction for onshore wind and solar PV and storage.
Old 300 is located near Houston, one of the largest and fastest growing metropolitan areas in the United States, and benefits from a long term PPA.
“Located near Houston, Old 300 will further diversify our onshore presence into a premium market with strong long-term fundamentals.” says Vishal Kapadia, Commercial Director of Onshore. “We are pleased to expand our portfolio with another large, attractively contracted solar project. Solar is the fastest growing power generation technology in the world and will continue to play a key role in our growth in the future. “
The project will create a reliable source of income for family farms who lease their land for the project. In addition, building projects will create up to 400 jobs at peak peak and operating Old 300 Solar over the long term will generate property tax revenues of over $ 40 million for Fort Bend County and the Needville Independent School District.
The Old 300 Solar Center will cover 2,800 acres and use approximately 1 million bifacial modules supplied by JA Solar and LONGi Solar. Inverters are supplied by SMA America.