Ørsted completes acquisition of Lincoln Clean Energy from I Squared Capital
Ørsted has announced that its acquisition of a 100% equity interest in Lincoln Clean Energy LLC (LCE) from I Squared Capital has been completed. The sale places an enterprise valuation on LCE of US$580 million.
LCE is a US based developer, owner and operator of onshore wind farms. LCE has an attractive portfolio of 513 MW recently commissioned, 300 MW under construction, and more than 1.5 GW of pipeline to be completed by 2022.
Ørsted will now create a new business unit, Onshore Wind, which will be reported as a separate segment. From the outset, LCE will be the only activity in Onshore Wind. At the same time, the names of the company's existing business units will be changed to Offshore Wind (formerly Wind Power), Bioenergy (formerly Bioenergy & Thermal Power) and Customer Solutions (formerly Distribution & Customer Solutions).
Country updates
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October 01, 2018
Ardian's Skyline Renewables platform to acquire 166 MW wind farm in Texas
Ardian has announced that Skyline Renewables has agreed to acquire the 166 MW Hackberry Wind Farm in NW Texas, from Renewable Energy Systems Americas (RES). The Hackberry Wind Farm in Shack...
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September 28, 2018
8minutenergy and Capital Dynamics enter definitive agreement for sale of 120 MW solar project in California
8minutenergy Renewables, LLC has announced that it has entered into a definitive agreement to sell the equity interests of the 121 MW Springbok 3 Solar Farm in Kern County, California to Capital...
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September 28, 2018
American Electric Power seeks Public Utilities Commission approval for 400 MW solar projects
AEP Ohio, an American Electric Power company, has announced that it has filed a proposal with the Public Utilities Commission of Ohio (PUCO) to support the development of 400 MW of new...
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September 27, 2018
P3 for US university energy project
Dartmouth has hired Goldman Sachs consultants to explore options for constructing a new power plant. The College is also hoping to transition its steam heating system to a more efficient hot water loo...
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September 27, 2018
Skyline signs agreement to acquire 166 MW wind project in NW Texas from RES
Skyline Renewables, a partnership between Transatlantic Holdings (TPH) and Ardian, has agreed to acquire the 166 MW Hackberry Wind Farm in NW Texas, from Renewable Energy Systems Americas (RES)....
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