Ørsted, a long-time offshore wind developer, is now shifting it’s focus to large-scale solar projects in Texas and Alabama, according to Greentech Media. The company is currently building two huge projects in the two states totaling nearly 700 megawatts, including its 460-megawatt Permian Energy Center in West Texas, which will sell its solar power to ExxonMobil.
“Solar is the fastest-growing power generation technology in the world,” Vishal Kapadia, chief financial officer of Ørsted’s onshore business, said in an interview. Going forward, the company’s investments will spread across a “regionally and technologically diverse pipeline.”