Former Orsted Onshore execs launch renewables platform Bluestar with US$100 million

Facebook
Twitter
LinkedIn
Reddit
Email
Bluestar has established its first two regional development platforms in North America and Australia. Image: Anders J via Unsplash.

Declan Flanagan, former CEO of Orsted Onshore, has launched a renewables investment platform called Bluestar Energy Capital with an initial capital of US$100 million.

Bluestar’s first phase of its business plan will focus in early-stage development projects, with the possibility to invest in construction and operations projects further down the line.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

After closing the funding round, the new company established its first two regional development platforms in North America (Nova Clean Energy) and Australia (Bluestar Energy Australia), with plans also in the works to develop another renewables investment platform in Europe.

Nova will focus on greenfield development projects with possible mergers and acquisitions in solar, wind and storage. The Australian branch will primarily focused its pipeline in wind projects with plans for further additions in solar and storage.

“We have structured Bluestar as a portfolio of distinct regional platforms based on the conviction that successful project development is a very local business. Success is about empowering regional leadership while bringing global scale and an owner’s attention to detail in managing project and market risk,” said Flanagan.

The company has made several hires of former Orsted Onshore executives, with Dennis Meany elected president and board member of Bluestar, while Jenn Goodwillie has been appointed as head of development at Nova, to name but a few.

Among the investors of Bluestar are investment firms S2G Ventures and Great Bay Renewables, with each company landing a seat on the board of directors.

Read Next

October 15, 2025
The Australian government has approved the 141MW Forbes Solar Farm Project in New South Wales in just 19 days, marking one of the fastest environmental approvals on record in the country.
October 15, 2025
Australia has opened registrations for Capacity Investment Scheme (CIS) Tender 7, which targets 5GW of renewable energy generation capacity across the National Electricity Market (NEM).
October 10, 2025
Australia's renewable energy sector recorded its slowest month of the year for additions in September, with 5.8GW of new projects added to development pipelines, according to data from Rystad Energy.
October 9, 2025
The Australian government has announced the results of the fourth Capacity Investment Scheme (CIS) tender, with 6.6GW of renewables awarded long-term contracts.
October 8, 2025
The NSW Independent Planning Commission has granted planning approval for Potentia Energy's 500MW Tallawang solar-plus-storage project.
Premium
October 8, 2025
PV Talk: Smart Energy Council's Nigel Morris reflects on how Australia has become a global testbed for distributed solar and storage innovation.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK