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

Premium
October 2, 2025
Australia's solar sector delivered a strong September performance in the National Electricity Market (NEM) as the country entered spring, with combined solar PV generation reaching 3,933GWh - a 17.83% increase from August's 3,338GWh.
October 2, 2025
FRV Australia has announced the completion of its largest solar project to date, the 300MW Walla Walla Solar Farm in New South Wales.
October 1, 2025
Engie Australia's 250MW Goorambat East Solar Farm has registered with AEMO, marking the project’s readiness for the commissioning phase.
September 30, 2025
SynergyRED, a wholly owned subsidiary of Synergy, has submitted a development application for a 2GW hybrid renewable energy project in Western Australia's Mid-West Region.
September 29, 2025
Fortescue has established a strategic partnership with Chinese solar manufacturing giant LONGi to supply solar PV modules as part of its ‘Real Zero’ emissions by 2030 strategy.
September 29, 2025
Australia's CER has disclosed that 1.5GW of new renewable energy capacity in the NEM received authorisation in the second quarter of 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland