Orsted, the Danish renewable energy company, has announced its foray into the U.K.'s solar sector. The company will collaborate with PS Renewables, a U.K. renewable energy development and construction firm, to develop the One Earth Solar Farm. Once completed, this project will generate enough electricity to power approximately 200,000 homes.
Focus on Sustainability
The proposed solar farm, coupled with battery storage, will predominantly be situated in Nottinghamshire, located in the east midlands of England. Orsted plans to submit a development consent order in 2025 and aims for commercial operations to commence prior to 2030. This initiative aligns with Orsted's global aspiration of achieving 17.5 gigawatts of onshore capacity by 2030. Currently, the company already has over 5.7 gigawatts of onshore renewables in operation, under construction, or consented across Europe and the United States.
Green Energy Targets
The U.K. government has set ambitious goals for the solar sector, aiming to increase solar capacity nearly fivefold to 70 gigawatts by 2035. Orsted's entry into the British solar market marks a significant step towards meeting these targets.
We can expect to see more sustainable developments from Orsted as it continues taking strides towards a cleaner energy future.
Groupon's shares skyrocketed following an optimistic analyst call predicting a strong increase in revenue growth. The company's ability to generate cash and unt...
Former Fox News producer Jason Donner files lawsuit claiming unjust targeting and firing for reporting on Capitol riot. Lawsuit adds to legal challenges faced b...
Movie theater stocks experience a boost following Taylor Swift's announcement of a concert film release. The film will be shown in theaters across the US, inclu...