Ørsted’s Lincoln Clean Energy has acquired Coronal Energy’s development business

By Sophie Chapman
The US-based renewable energycompany, Lincoln Clean Energy, has acquired Coronal Energy’s development business. The Coronal Energy is a US-based deve...

The US-based renewable energy company, Lincoln Clean Energy, has acquired Coronal Energy’s development business.

The Coronal Energy is a US-based developer of utility-scale solar and energy storage projects. Lincoln Energy is a subsidiary of Denmark’s largest energy company, Ørsted.

“I am delighted to welcome the Coronal team to LCE and the wider Ørsted family,” remarked Declan Flanagan, CEO at Lincoln Clean Energy, CleanTechnica reported.

“The highly experienced Coronal Energy development team complements our US development platform, greatly enhances our presence in solar and storage, and importantly brings new customer relationships through multiple long-term power purchase agreements both signed and in negotiation.”


The deal will see Lincoln Clean Energy acquire a pipeline of solar and energy storage projects, some of which have already been awarded Power Purchase Agreements (PPAs).

“Congratulations to Ørsted, LCE and the Coronal development team for establishing what has to be recognized immediately as one of the most dynamic and experienced renewable teams in the industry,” commented Jonathan Jaffrey, Founder and CEO of Coronal Energy.

The deal contributes to Ørsted’s expansion across the US renewables market. The firm acquired Lincoln Clean Energy in August 2018.


Featured Articles

Top 10: Sustainability conferences around the world

With 2023 in full swing, what better time to look at what the year ahead offers in terms of international conferences focusing on sustainability

Top 10: Sustainable data centre companies

As data and data analytics becomes an increasingly pivotal, we take a look at what data centre companies are doing a good job of staying green

Payments company Flywire issues extensive ESG report

The company, which holds ESG as a key tenet, can claim a number of achievements, including creating a more equitable workspace and awarding scholarships

UN envoy Bloomberg unveils plan to limit coal use

Net Zero

Irizar's ieTram EV to be installed along London bus route


Decathlon flips branding in sustainable fashion initiative

Supply Chain Sustainability