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Friday, 26 April 2024

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Lincoln Clean Energy Acquires Coronal Energy’s Development Business

Lincoln Clean Energy, which became a subsidiary of Danish energy company, Ørsted, in 2018, has acquired the development business of Coronal Energy, a company focused on utility-scale solar and energy storage projects. The acquisition includes its development team of solar and storage personnel, as well as a significant pipeline of solar and storage projects in the United States, including multiple projects that have been awarded long-term power purchase agreements with utility counterparties.
Lincoln Clean Energy Acquires Coronal Energy’s Development Business
Courtesy of NREL

LCE CEO Declan Flanagan said, “I am delighted to welcome the Coronal development team to LCE and the wider Ørsted family. This experienced team complements our U.S. development platform, greatly enhances our presence in solar and storage, and brings important new customer relationships through multiple long-term power purchase agreements both signed and in negotiation.”

“Congratulations to Ørsted, LCE and the Coronal development team for establishing what is one of the most dynamic and experienced renewable teams in the industry,” said Jonathan Jaffrey, founder and CEO of Coronal Energy.
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