Former Orsted Onshore execs launch renewables platform Bluestar with US$100 million
Declan Flanagan, former CEO of Orsted Onshore, has launched a renewables investment platform with an initial capital of US$100 million.
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Declan Flanagan, former CEO of Orsted Onshore, has launched a renewables investment platform with an initial capital of US$100 million.
Declan Flanagan, former CEO of Orsted's onshore business, today announced the launch of Bluestar Energy Capital ('Bluestar' or 'the Company'), a new global renewable energy investment platform with an
The Permian Energy Center project, located in Andrews County, has now begun commercial operation. Permian Energy Center brings Orsted's onshore operating capacity to 2.1GW in the US. The project and its 420MW (AC) of solar PV and 40 MW (AC) of battery storage will supply growing West Texas demand for electricity. "Permian Energy Center is a significant milestone for Orsted, making it the first developer to own the full spectrum of new renewable energy technologies at utility scale in the US - onshore and offshore wind, solar PV, and storage," said Neil O'Donovan, Orsted Onshore chief operatin...
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Haystack, in Nebraska, is under construction and expected online later this year. The two new offtakers join PepsiCo, which signed a PPA earlier this year for output from Haystack. "It's great to partner with Hormel Foods, PepsiCo, and Target as they work towards their renewable energy goals," said Orsted Onshore chief commercial officer Vishal Kapadia. "Through projects like Haystack Wind, we're able to provide clean energy to the grid while contributing to the project's local community through job creation, landowner benefits, and local tax reduction." On average, the project will contribut...