Ørsted signs agreement with I Squared Capital to acquire Lincoln Clean Energy
Ørsted has signed an agreement with global infrastructure investment manager I Squared Capital to wholly acquire the equity interest in Lincoln Clean Energy. The deal represents a total of USD 580 million investment.
With the deal, the existing management team if LCE will continue to run the business which will be a separate unit outside of Ørsted’s Wind Power business.
The deal is subjected to approval by the US competition authorities and is expected to close prior to the end of 2018.
Country updates
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August 08, 2018
USDA greenlights biorefinery in Mississippi
Velocys plc has announced that the U.S. Department of Agriculture (USDA) has issued a Finding of No Significant Impact (FONSI) on the environmental assessment report for its planned Ba...
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August 08, 2018
Wells Fargo completes financing for the development of the Great Valley Solar Complex
Wells Fargo Renewable Energy and Environmental Finance has completed the final $85 million in tax-equity funding for Sempra Renewables’ 200 MW solar generation facility near Fresno, Ca...
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August 07, 2018
Apple, Akamai, Etsy and Swiss Re to purchase 290 MW from new wind and solar projects
Apple, Akamai, Etsy and Swiss Re have announced an agreement to develop two new wind and solar energy farms in Illinois and Virginia. Spearheaded by Apple, the new projects will generat...
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August 07, 2018
Pacific Ethanol completes construction of its 5 MW solar project
Pacific Ethanol, Inc has completed the 5 MW solar photovoltaic project located at its 40 million gallon capacity per year ethanol plant in Madera, California. The system is currently generating 3...
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August 07, 2018
Cypress Creek Renewables agrees to 10% equity stake acquisition of Temasek-led group
Cypress Creek Renewables has agreed to acquire 10% equity stake of a group led by Temasek. The interests represent US$200 million investment which will be used to support Cypress'&n...
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