2024-12-22

https://w3.windfair.us/wind-energy/news/29119-orsted-lincoln-clean-energy-onshore-usa-aquisition-investment

08/09/2018

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Ørsted Aquires Lincoln Clean Energy

Ørsted moves into U.S. onshore wind by aquiring Lincoln Clean Energy for USD 580 million.

Official Press Release Ørsted :

Ørsted acquires Lincoln Clean Energy, a US onshore wind developer

Wind Industry Profile of

Today, Ørsted has entered into an agreement with global infrastructure investment manager I Squared Capital and management shareholders to acquire a 100% equity interest in Lincoln Clean Energy LLC (’LCE’), placing an enterprise valuation on LCE of USD 580 million.

LCE is a US based developer, owner and operator of onshore wind farms. LCE has an attractive portfolio of 513MW recently commissioned, 300MW under construction, and more than 1.5GW of pipeline to be completed by 2022. Ørsted is the world leader in offshore wind and has an ambitious plan to maintain and expand its leading position in offshore wind in existing and new markets. However, in February 2018, Ørsted announced that the company may invest in other renewable energy technologies to... ... More: Official Press Release Ørsted

Keywords:: Ørsted, Lincoln CLean Energy, onshore, USA, aquisition, investment

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