ISQ Global Infrastructure Fund acquires Lincoln Clean Energy

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
ISQ Global Infrastructure Fund acquires Lincoln Clean Energy

I Squared Capital, through its ISQ Global Infrastructure Fund, has acquired Lincoln Clean Energy, a developer, owner, and operator of wind and solar projects in North America.

The transaction includes an operating solar facility in southern New Jersey and Lincoln’s development and asset management platforms, including a robust development pipeline. Lincoln plans to deploy $250 million in equity investments through 2018.

Founded in 2009, Lincoln has developed more than $1.5 billion of clean energy projects totaling 1,000 megawatts across North America.

The company has assembled a team of veterans from the power industry. Declan Flanagan, Founder and CEO, is the former CEO of Airtricity North America. He went on to become CEO of E.ON Climate & Renewables following the 2007 acquisition of Airtricity North America. Declan has led the deployment of over $5 billion in capital in wind and solar projects in the U.S. and Europe and is a former board member of both the American Wind Energy Association and the Solar Energy Industry Association. The Lincoln team includes 18 professionals with over 150 combined years of experience in the renewable energy industry.

The wind and solar industries have received a regulatory boost in the United States following the recent extension of the 30 percent investment tax credit for solar energy and the 2.3-cent-per-kilowatt-hour production tax credit for wind power.

Adil Rahmathulla, Partner at I Squared Capital, said: 

“This is an opportune time to invest in the renewable energy sector and we are delighted to partner with Lincoln’s high caliber management team, with its proven track record in the development and management of clean energy projects. Lincoln’s operational experience and track record, combined with I Squared Capital funding and expertise, positions Lincoln to become a premier renewables generation company in the U.S.”

Commenting on the transaction, Declan Flanagan, CEO of Lincoln Clean Energy said:

“The Lincoln team is extremely excited to work with I Squared Capital. This partnership allows us to enhance both execution and value creation while we capitalize on the tremendous market opportunity before us.”

List of country news

Country news

  • January 12, 2016

    Canadian Solar launches US$100 million equity offering

    Canadian Solar Inc. has filed a prospectus supplement to sell up to an aggregate of US$100.0 million of its common shares through an at-the-market equity offering program. Read more
  • January 08, 2016

    Invenergy completes project financing for Gunsight Wind Energy Center in Texas

    Invenergy Wind LLC today announced that it has arranged debt and tax equity project financing for its Gunsight Wind Energy Center, which currently is under construction in Howard County, Texas. Read more
  • January 08, 2016

    Hudson Energy Development sells wind project to Apex Clean Energy

    Hudson Energy Development has sold its development rights for the Galloo Island wind project in Jefferson County, New York, to Apex Clean Energy, a renewable-energy company in Charlottesville, Virginia. Read more
  • January 07, 2016

    Five Point Capital Partners announces $200 million equity commitment to WaterBridge Resources

    Five Point Capital Partners LLC today announced the formation and funding of WaterBridge Resources, LLC, with an equity commitment of up to $200 million from Five Point Capital Midstream Fund II L.P. and its affiliates. Read more
  • January 07, 2016

    Connecticut Green Bank and Hannon Armstrong Partner for Commercial Clean Energy Financing

    The Connecticut Green Bank and Hannon Armstrong have reached an agreement that will increase the deployment of energy efficiency, solar and other clean energy projects throughout the Connecticut commercial and industrial sector. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.