Ørsted’s US onshore company Lincoln Clean Energy continues to expand geographic footprint of onshore wind asset base.
Reported by Ørsted on 1 July 2019
Orsted acquires 103MW South Dakota wind project from Pattern Energy
Offshore wind farm (Courtesy of Ørsted A/S)
Lincoln Clean Energy (LCE), a subsidiary of Ørsted and a leading developer of US renewables, announced today it has acquired a 103MW construction-ready wind project in Butte County, South Dakota. LCE purchased the project from Pattern Energy Group, an independent renewable energy company with wind and solar assets in the United States, Canada, and Japan.
The project is expected to come online in the fourth quarter of 2020. Combined with its Plum Creek wind farm in Nebraska, planned for construction in 2020, this latest acquisition further expands LCE’s operations into the Southwest Power Pool (SPP) market, covering central USA.
“The acquisition of this South Dakota wind farm adds to our growing portfolio of onshore wind assets and continues to broaden the geographic footprint of our asset base into the important SPP market,” commented Lincoln Clean Energy CEO Declan Flanagan.
Media Contact (US):
Wendy Prabhu
Mercom Communications for Lincoln Clean Energy
(512) 215-4452
lce@mercomcapital.com
Media Contact (international):
Ulrik Frøhlke
Lead Media Advisor, Ørsted
+45 99 55 95 60
ulrfr@orsted.dk
The project is expected to come online in the fourth quarter of 2020. Combined with its Plum Creek wind farm in Nebraska, planned for construction in 2020, this latest acquisition further expands LCE’s operations into the Southwest Power Pool (SPP) market, covering central USA.
“The acquisition of this South Dakota wind farm adds to our growing portfolio of onshore wind assets and continues to broaden the geographic footprint of our asset base into the important SPP market,” commented Lincoln Clean Energy CEO Declan Flanagan.
Media Contact (US):
Wendy Prabhu
Mercom Communications for Lincoln Clean Energy
(512) 215-4452
lce@mercomcapital.com
Media Contact (international):
Ulrik Frøhlke
Lead Media Advisor, Ørsted
+45 99 55 95 60
ulrfr@orsted.dk
References
[1]
Ørsted A/S. Press release - Orsted acquires 103MW South Dakota wind project from Pattern Energy. URL: https://orsted.com/en/Media/Newsroom/News/2019/07/Orsted-acquires-103MW-South-Da.... [Date Accessed: 01/07/2019].
[2]
Ørsted A/S. Images. https://orsted.com/en/Media/Press-kit/Images-and-logo/Images. [Date Accessed: 26/11/2018].
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Business & Finance
09 Aug | Ørsted acquires Lincoln Clean Energy, a US onshore wind developer
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.
