Situated adjacent to Ørsted's 230 MW Plum Creek wind farm, Haystack will utilize existing interconnection infrastructure in SPP North.
Haystack is expected to come online in fourth quarter 2021, adding further diversity to Ørsted's portfolio of onshore wind, solar PV, and energy storage across Texas, the Midwest, and Southeast US.
"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" says Vishal Kapadia, CFO Ørsted Onshore.
On average, the project will contribute USD 4m per year in local taxes and landowner payments to the community and will employ 300 construction workers at its peak.
With the addition of Haystack Wind, Ørsted's onshore business has now reached 3 GW of capacity in operation and under construction.
About Ørsted
Ørsted's vision is to create a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks #1 in Corporate Knights' 2020 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,120 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the company generated revenue of DKK 67.8 billion (EUR 9.1 billion). For more information on Ørsted, visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.