Ørsted secures PPA for Texan solar power project with Royal DSM
Danish energy company Ørsted has secured a power purchase agreement (PPA) for a solar power project in Texas with Royal DSM, a Dutch science-based company in nutrition, health, and sustainable living.
The solar power plant in question is currently being developed. It is anticipated to produce nearly 920,000MWh of electricity for the US energy grid annually, revealed Royal DSM.
According to Ørsted, the PPA will play a part in Royal DSM reducing its greenhouse gas emissions globally by 50% by the end of this decade, compared to base year 2016.
Vishal Kapadia — Senior Vice President and Chief Commercial Officer of Ørsted Onshore said: “We’re excited to partner with DSM in their pursuit to meet all their North American electricity needs with renewable energy.”
Ørsted secures PPA for Texan solar power project with Royal DSM. Photo courtesy of Ørsted A/S.
Royal DSM said that the signing of the PPA with the Ørsted solar power project in Texas puts it in a good position to overtake its target of buying 75% of its global electricity requirements from renewable sources by 2030 and to achieve 100% at the earliest possibility.
Geraldine Matchett and Dimitri de Vreeze — Co-CEOs Royal DSM said: “As a purpose-led company we aim to drive sustainable growth. That’s why we’re proud to make a significant step-up in our ambitious validated science-based targets, to accelerate our route to net-zero by 2050 and to continue to lead the way in our industry to move to a net-zero future.
“We have no time to waste, and the private sector has a crucial role to play in proactively delivering on the Paris Agreement.”