Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • Hydrogen Offtake Contracts Reveal Critical Gaps Despite Record Investment Surge
  • Egypt Solar Manufacturing Hub Faces Scale Limitations Despite $220M Regional Investment
  • Western Australia CIS Tenders Signal Grid Integration Challenges Despite AU$4 Billion Investment
  • French Energy Company Tests Unconventional Gas Strategy Amid Europe’s Supply Crisis
  • Novelis Hydrogen Trial Exposes Infrastructure Dependencies Despite Technical Success
  • TWO DAY MASTERCLASS ON: EXPLOITATION & COMMERCIALIZATION POTENTIAL OF NATURAL HYDROGEN
  • Fossil Fuel Giants Intensify Legal Battles Against Climate Policies Through ISDS System
  • Fortescue Reports Lowest Profit in Six Years, Adjusts Green Hydrogen Timelines Amid Market Pressures
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Energy Storage
Ørsted Divests 50% Stake in Three US Solar and Battery Storage Projects to ECP

Ørsted Divests 50% Stake in Three US Solar and Battery Storage Projects to ECP

Anela DoksoBy Anela Dokso18/12/20242 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

Ørsted A/S has divested a 50% equity stake in three US onshore projects to Energy Capital Partners (ECP), a prominent investor focused on energy transition.

This transaction is part of Ørsted’s ongoing divestment program and includes two solar farms in Texas—Mockingbird Solar with a capacity of 468 MW and Sparta Solar with 250 MW—as well as the Eleven Mile Solar Center, which features 300 MW of solar capacity and 300 MW/1,200 MWh of battery storage in Arizona. All three projects are set to commence operations in 2024 and have established tax equity partnerships and power purchase agreements.

The total value of this transaction is USD 572 million, which aligns with Ørsted’s strategic goals and supports its mid- and long-term targets. Ørsted will maintain a 50% equity ownership interest in these projects and will continue to oversee their operations throughout their lifespan. The financial closing of the transaction will occur across different project companies, with the total impact recognized in the reporting periods of Q4 2024 and Q1 2025, subject to certain conditions.

In addition to this divestment, Ørsted raised approximately USD 734 million in upfront proceeds for these projects from tax equity partner J.P. Morgan earlier this year. The combined sales price from the divestment and tax equity funding brings the total proceeds raised for these three projects to USD 1.306 billion.

The partnership with ECP builds on Ørsted’s existing relationship with the firm, which previously acquired a 50% equity stake in three wind farms and one solar farm from Ørsted in 2022, marking Ørsted’s first farm-down in the US onshore market.

With Mockingbird Solar, Eleven Mile Solar Center, and Sparta Solar officially online, Ørsted’s portfolio now exceeds 6 GW of onshore wind, solar, and battery storage projects either operational or under construction across the United States.

battery energy storage
Share. LinkedIn Twitter Facebook Email

Related Posts

Solar

Egypt Solar Manufacturing Hub Faces Scale Limitations Despite $220M Regional Investment

29/08/2025
Batteries Grid

Western Australia CIS Tenders Signal Grid Integration Challenges Despite AU$4 Billion Investment

29/08/2025
Exide Strengthens European Footprint with High-Capacity BESS

Exide Strengthens European Footprint with High-Capacity BESS

28/08/2025
Batteries Lithium

UK Consortium Launches £500M Battery Storage Platform to Boost Grid Flexibility

28/08/2025
Wärtsilä to Equip Wasaline’s Aurora Botnia with World’s Largest Marine Battery Hybrid System

Wärtsilä to Equip Wasaline’s Aurora Botnia with World’s Largest Marine Battery Hybrid System

27/08/2025
Energy Storage

Chile’s Green Hydrogen Push with $45 Billion by 2030, $330 Billion by 2050

27/08/2025
green hydrogen

Hydrogen Offtake Contracts Reveal Critical Gaps Despite Record Investment Surge

29/08/2025
Solar

Egypt Solar Manufacturing Hub Faces Scale Limitations Despite $220M Regional Investment

29/08/2025
Batteries Grid

Western Australia CIS Tenders Signal Grid Integration Challenges Despite AU$4 Billion Investment

29/08/2025
Hydrogen Gas

French Energy Company Tests Unconventional Gas Strategy Amid Europe’s Supply Crisis

29/08/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.