Orsted has acquired US solar developer HelioSage Energy from Coronal Energy, according to unnamed sources. The deal is expected to close in the second half of this year, with a total investment of around $450 million by Orsted, which will be responsible for financing and developing the project. Orsted's first large-scale battery storage facility opened in the UK in January. The 20 MW installation was built to support 90 MW of offshore wind energy.
Orsted has acquired US solar developer HelioSage Energy from Coronal Energy, according to unnamed sources. The purchase will expand Orsted's US renewable energy portfolio, which includes an operational 10 MW solar facility in New Jersey and a 400 MW Permian project in Texas, which is at final investment decision stage. Orsted's first large-scale battery storage facility opened in the UK in January. The 20 MW installation was built to support 90 MW of offshore wind energy.