By Dominic Chopping
Denmark's Orsted AS said Tuesday that it has taken a final investment decision on the combined wind and solar project Helena Energy Center in South Texas with an expected operational date in the first half of 2022.
The Danish renewable energy developer said the hybrid nature of the project allows it to maximize the use of the location, in an area characterized by strong coastal winds and sunshine.
The project takes Orsted's onshore operational and under construction portfolio to four gigawatts, spanning Texas, the Midwest, and Southeast U.S. across wind, solar, and storage.
Orsted added that with significant portfolio growth over the coming years, its U.S. energy trading team is being integrated into the company's onshore business, strengthening its ability to manage risk more dynamically. Ben Pratt has been appointed to lead the Chicago-based energy trading team and joins the onshore management.
Mr. Pratt previously served as senior managing director with Uniper Global Commodities (formerly E.On), and has extensive background managing portfolio risk across the entire power market complex, Orsted said.
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(END) Dow Jones Newswires