Orsted and HASI complete land financing deal for 1GW solar and battery projects in the US

Type: Financing · Technology: Solar, Storage · Country: United States · Capacity: 1 GW · Announced: 2026-05-27

Orsted and HA Sustainable Infrastructure Capital (HASI) finalized land financing agreements covering approximately 6,600 acres across three operational solar and battery storage projects in the US. The transactions include Orsted's Eleven Mile Solar Center in Arizona, Sparta Solar in Texas, and Muscle Shoals array in Alabama, collectively representing around 1GW of operational capacity. HASI noted this brings its total land financing provided for solar and storage projects to over 24GW in the past year. The partnership enables Orsted to optimize its capital position for future investments while continuing to deliver energy to customers across the three states. Manny Haile-Mariam, Co-Chief Investment Officer at HASI, highlighted the long-term land financing arrangement as a key component of the collaboration. James Giamarino, Chief Commercial Officer at Orsted Americas, emphasized the strategic benefits of the partnership for ongoing project delivery.

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