Ørsted and HASI Close Land Finance Deal Supporting ~1 GW of Solar and Storage Projects Across Three States

ANNAPOLIS, Md.-- HA Sustainable Infrastructure Capital, Inc. (“HASI”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, and Ørsted, a leading global clean energy company, today announced the closing of a series of land transactions with HASI, encompassing approximately 6,600 acres across Ørsted’s Eleven Mile Solar Center in Pinal County, Arizona; Sparta Solar project in Bee County, Texas; and Muscle Shoals Solar project in Colbert County, Alabama.

Ørsted and its partners will continue to own and operate the projects, which are operational and hold long-term, investment-grade power purchase agreements (PPAs). Collectively, the three solar and battery projects represent approximately 1 GW of operational renewable capacity.

HASI has provided land financings across 6 GW of solar and storage projects in the past year, bringing its total land investment to more than 24 GW.

"By partnering with HASI, a leading sustainable infrastructure investor, we're able to optimize our capital position for future investment, while continuing to deliver energy to our customers across Arizona, Texas, and Alabama," said James Giamarino, Chief Commercial Officer at Ørsted Americas.

“We are pleased to partner with Ørsted by providing long-term land financing under several of their operational solar projects,” said HASI Co-Chief Investment Officer Manny Haile-Mariam. “Our expertise in energy markets and financial structuring allows us to offer competitive land financing products that deliver optimal outcomes for our clients and their projects.”

For more information about HASI’s land financing solutions, please visit www.hasi.com/land-financing.

About HASI

HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $16 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, storage, and onshore wind; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, please visit hasi.com.

About Ørsted

Ørsted's Americas Onshore business encompasses over 6 gigawatts of wind, solar, and battery storage capacity in operation across eight states. As one of the largest multi-technology independent power producers in the U.S., we partner with landowners and local communities to deliver affordable, reliable energy. Supported by a team of approximately 250 employees, the business develops, constructs, and operates projects serving utilities and corporate offtakers with long-term power agreements. To learn more about the Ørsted U.S. business, visit us.orsted.com or follow the company on X (@OrstedUS), Instagram, and Facebook.

Forward Looking Statements

Some of the information contained in this press release is forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. For these statements, we claim the protections of the safe harbor for forward-looking statements contained in such Sections. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans, and objectives. When we use the words “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” or similar expressions, we intend to identify forward-looking statements.

Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in our most recent Annual Report on Form 10-K, as well as in other periodic reports that we file with the U.S. Securities and Exchange Commission.

Forward-looking statements are based on beliefs, assumptions, and expectations as of the date of this press release. We disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events, or circumstances after the date of this press release.

Media Contacts

Ørsted
Charlotte Bellotte
(857) 286-1989 | cbell@orsted.com

HASI
Kenny Gayles
(443) 321-5756 | media@hasi.com

Released May 27, 2026