Danish wind OEM Orsted now has fully integrated its Lincoln Clean Energy (LCE), which it acquired in October 2018, and has officially changed the name of the US subsidiary to Orsted as first announced in late November.
Still an onshore developer with assets primarily in Texas when it was purchased, the unit over the past year has transformed into a multi-state developer and doubled its operational portfolio to 1GW, with another 1.1GW of wind, PV and storage projects under construction (that will double again in 18 months).
“The team has accelerated project execution compared to what we initially expected, and the change of name signifies another step in the integration of both businesses, providing Orsted with a strong platform in North America offering a wide range of clean energy technologies,” Orsted chief executive Henrik Poulsen said.
In the wake of the integration, former LCE chief executive Declan Flanagan has recently been appointed chief executive onshore at Orsted and a member of the utility’s executive committee, representing the importance of North American activities.
"With the Lincoln Clean Energy organisation now an integrated part of one of the world's leading green energy developers, we're even better positioned to take advantage of the growing US market within onshore wind, solar PV and storage,” Flanagan said.
In addition to its onshore activities, Orsted in the US has been awarded 1.9GW in offshore wind capacity through six projects.