Ørsted announces acquisition of Haystack Wind project in US

29 October 2020 (Last Updated October 29th, 2020 11:56)

Denmark-based green energy company Ørsted has announced the acquisition of the Haystack Wind project in Wayne County, Nebraska, US, with a capacity of 298MW.

Ørsted announces acquisition of Haystack Wind project in US
The wins project will use existing interconnection infrastructure in SPP North. Credit: Arteum.ro.

Denmark-based green energy company Ørsted has announced the acquisition of the Haystack Wind project in Wayne County, Nebraska, US, with a capacity of 298MW.

With the latest acquisition, the company continues to expand its footprint in the Southwest Power Pool (SPP).

Additionally, Ørsted has taken the final investment decision to launch the execution of the project.

The Haystack Wind project is situated adjacent to the company’s 230MW Plum Creek wind farm and will make use of existing interconnection infrastructure in SPP North.

Ørsted Onshore CFO Vishal Kapadia said: “The acquisition of Haystack adds another large-scale project in a region with robust wind resource to our Onshore portfolio and is a further reflection of our continuing strategy to supplement our core development activities with opportunistic acquisitions.”

Expected to become operational in the fourth quarter of next year, the Haystack project will add further diversity to Ørsted’s portfolio of onshore wind, solar PV, and energy storage across Texas, mid-west and south-east US.

The project is set to contribute $4m annually in local taxes and landowner payments on average to the community.

At its peak, Haystack is expected to employ 300 construction workers.

The addition of the Haystack Wind project has boosted Ørsted’s onshore business to 3GW of capacity in operation, as well as under construction.

In July, Ørsted announced the acquisition of the 227MW AC Muscle Shoals solar project under construction in the US. Muscle Shoals will use solar panels supplied by First Solar and will come online in the third quarter of next year.