With its purchase of Lincoln Clean Energy (LCE), Ørsted is partially banking on lucrative returns from a number of onshore wind projects in the US, both in the short and long term. But Ørsted is also, to a high degree, betting on the acquisition making it a more familiar company in the US with closer contacts to authorities, potential staff and clients.
"We view the acquisition of Lincoln Clean Energy as a unique opportunity for taking part in the value development in the US onshore wind energy market. With the Purchase, we have acquired a considerable portfolio, a large pipeline and a capable management. It is a healthy investment, also in regard to future growth opportunities," said Ørsted CEO Henrik Poulsen in a financial teleconference this morning, Thurday.
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