1. Ørsted's Lincoln Clean Energy Acquires Coronal Energy's Solar & Storage Development Business

    Ørsted's Lincoln Clean Energy Acquires Coronal Energy's Solar & Storage Development Business

    Leading developer of US renewables Lincoln Clean Energy, a subsidiary of Danish offshore wind giant Ørsted, announced it had acquired the development business of Coronal Energy, a US-based developer focused on utility-scale solar and energy storage projects. The acquisition will see Lincoln Clean Energy take on the company’s development team of experienced solar and storage personnel, as well as a significant pipeline of solar and storage projects in the United States, including several projects that have already been awarded long-term Power Purchase Agreements with credit-worthy utility counterparts.

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  1. Quotes

    1. I am delighted to welcome the Coronal team to LCE and the wider Ørsted family.
    2. Congratulations to Ørsted, LCE and the Coronal development team for establishing what has to be recognized immediately as one of the most dynamic and experienced renewable teams in the industry.
    3. The global market for onshore wind power is expected to grow significantly in the coming years, and the US is a leading onshore wind market.
  2. Topics Mentioned

  3. Authors

  4. Categories

    1. Electricity Source:

      Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Military, Residential & Community & Microgrid, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Sodium, Supercapacitors, Thermal, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences