EnergyWatch

Lincoln Clean Energy's US onshore wind portfolio exceeds 1 GW

In just one year, Ørsted's US subsidiary has doubled its portfolio and has now passed the 1 GW milestone after commissioning the 184 MW wind farm Lockett Wind.

Photo: PR/ Ørsted

With the inauguration of onshore wind farm Lockett Wind, Ørsted's US subsidiary, Lincoln Clean Energy (LCE), has cleared a milestone.

The wind farm's capacity of 184 MW means that LCE, which specializes in onshore wind and solar, now has a portfolio of more than 1 GW.

This pleases company Chief Executive Declan Flanagan.

"I am proud of the LCE team and our wider Ørsted colleagues in completing another safe, on time and on budget construction project, and to cross the milestone of a gigawatt operating portfolio," Flanagan writes in a statement.

Ørsted's purchase of LCE has accelerated Ørsted's entry into the US onshore wind market. Last year, LCE was the sixth-largest power supplier to the US market.

"The global market for onshore wind power is expected to grow significantly in the coming years, and the US is a leading onshore wind market. The acquisition of Lincoln Clean Energy will provide a strong growth platform in the US, which is one of Ørsted’s strategic growth markets. It is an investment case with healthy economics based on prudent assumptions about key value drivers and market developments," wrote Ørsted CEO Henrik Poulsen in a statement announcing the purchase last year.

At the time, LCE's portfolio contained 513 MW, 300 MW of which was under development, as well as a project pipeline of more than 1.5 GW set to be installed before 2022. One year later the portfolio has doubled.

English Edit: Daniel Frank Christensen

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