REG-Ørsted A/S Ørsted and Google sign first power purchase agreement in the US

Oersted A/SAnnouncement

03/04/2023 15:15

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   Ørsted A/S (Orsted)
   Ørsted and Google sign first power purchase agreement in the US

   03-Apr-2023 / 16:09 CET/CEST

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   3.4.2023 16:09:19 CEST | Ørsted A/S | Investor News

   Google has signed a 150 MW power purchase agreement (PPA) with Ørsted to
   purchase renewable energy generated by Helena Wind Farm for the next 15
   years, a partnership that builds on Ørsted’s growing U.S. renewable energy
   portfolio. The project, located in Bee County, Texas, was commissioned in
   mid-2022 and provides low-cost electricity to the South ERCOT service
   territory, enough to power an estimated 90,000 homes.

   This marks the first agreement between Google and Ørsted in the US, and
   the second agreement globally. Both power purchase agreements will
   contribute to Google’s commitment to operate all its data centres, cloud
   regions, and offices on 24/7 carbon free energy by 2030.

   “Building a 24/7 carbon free energy portfolio requires us to blend various
   resources to optimise for hourly production, and that’s exactly what this
   project helps us accomplish” says Sana Ouji, Energy Lead at Google. “We’re
   excited to continue our partnership with Ørsted and add this wind project
   to our existing solar portfolio in ERCOT as we serve customers out of our
   Dallas cloud region.” 

   Google was the first to set a 24/7 carbon free energy goal, which means
   the company aims to match its electricity demand with carbon free energy
   supply every hour of every day, in every region where it operates, by
   2030. Many other organisations have since adopted similar pledges. 

   “As a trusted partner in providing clean energy solutions for our
   customers, we’re proud to support Google’s decarbonisation goals on both a
   regional and global scale,” says Monica Testa, Head of Origination at
   Ørsted Americas. “Google’s leadership in the investment of renewable
   energy and commitment to advancing 24/7 carbon-free energy by 2030 sets a
   strong example for companies across the globe and we look forward to
   helping them achieve that ambition.”

   The Helena Wind Farm is a 268 MW onshore wind farm located in Pawnee,
   Texas. Nearly 300 jobs have been created to construct and operate the
   facility. The facility represents a nearly half billion-dollar investment
   in Bee County and will generate tens of millions in tax revenue that will
   enhance county services, providing additional support for the local school
   districts without raising taxes. 

   Ørsted has an ambition to reach 17.5 GW of onshore renewables in 2030 and
   aims to deliver approximately 1.5 GW of additional capacity annually while
   growing a clean energy portfolio consisting of wind, solar, storage and
   renewable hydrogen.

   For further information, please contact:

   Media Relations
   Tom Christiansen
   +45 99 55 60 17
    1 tomlc@orsted.com 

   Investor Relations
   Rasmus Keglberg Hærvig
   +45 99 55 90 95
    2 IR@orsted.com 

   About Ørsted
   The Ørsted vision is a world that runs entirely on green energy. Ørsted
   develops, constructs, and operates offshore and onshore wind farms, solar
   farms, energy storage facilities, renewable hydrogen and green fuels
   facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate
   Change A List as a global leader on climate action and was the first
   energy company in the world to have its science-based net-zero emissions
   target validated by the Science Based Targets initiative (SBTi).
   Headquartered in Denmark, Ørsted employs approx. 8,000 people. Ørsted's
   shares are listed on Nasdaq Copenhagen (Orsted). In 2022, the group's
   revenue was DKK 132.3 billion (EUR 17.8 billion).  

       Attachments

     •  3 Investor News CPPA with Google.pdf

   News Source: Ritzau

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          DK0060094928
   Category Code: MSCM
   TIDM:          Orsted
   Sequence No.:  234614
   EQS News ID:   1600041


    
   End of Announcement EQS News Service

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References

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