Nucor Signs PPA with Orstead for Renewable Energy in Texas
Nucor Corporation announced that it has signed a 10 year Virtual Power Purchase Agreement with Orsted Onshore North America LLC for 100
Nucor Corporation announced that it has signed a 10 year Virtual Power Purchase Agreement with Orsted Onshore North America LLC for 100 megawatts from Orsted's Western Trail wind farm in North Texas. Ørsted's WTW project is already under construction and is expected to be in service later this year. The project incorporates Nucor steel and steel products and is designed to continue generating power even during particularly severe weather, such as that recently experienced in Texas.
This is Nucor's second VPPA. Last year, Nucor signed a VPPA with EDFR Renewables North America to be the sole off-taker for EDFR's 250-megawatt Brazos Fork solar project, which is also located in Texas. Construction on EDFR’s solar project is expected to begin in the summer of 2022 with production of electricity estimated to begin in 2023. Once completed, the expected annual output of the solar facility will be the equivalent of the electricity consumed by nearly 50,000 average Texas homes.
Nucor's VPPA with Orsted's WTW project complements the company's participation in Brazos Fork. Together, these two projects have the potential to supply renewable power to the regional electric grid 24 hours a day.