{"id":1004321534,"date":"2019-05-09T10:35:22","date_gmt":"2019-05-09T18:35:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004321534"},"modified":"2021-05-15T04:34:19","modified_gmt":"2021-05-15T12:34:19","slug":"orsteds-lincoln-clean-energy-acquires-coronal-energy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/orsteds-lincoln-clean-energy-acquires-coronal-energy\/","title":{"rendered":"\u00d8rsted\u2019s Lincoln Clean Energy Acquires Coronal Energy"},"content":{"rendered":"<div id=\"attachment_1004321558\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/CORPORATE-ACQUISITION-03.Image-via-Pixabay.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004321558\" data-attachment-id=\"1004321558\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/orsteds-lincoln-clean-energy-acquires-coronal-energy\/corporate-acquisition-03-image-via-pixabay\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/CORPORATE-ACQUISITION-03.Image-via-Pixabay.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"CORPORATE ACQUISITION 03.Image via Pixabay\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/CORPORATE-ACQUISITION-03.Image-via-Pixabay.png?w=800\" loading=\"lazy\" class=\"wp-image-1004321558 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/CORPORATE-ACQUISITION-03.Image-via-Pixabay.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/CORPORATE-ACQUISITION-03.Image-via-Pixabay.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/CORPORATE-ACQUISITION-03.Image-via-Pixabay.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/CORPORATE-ACQUISITION-03.Image-via-Pixabay.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004321558\" class=\"wp-caption-text\"><em>Image via Pixabay<\/em><\/p><\/div>\n<p>Lincoln Clean Energy, a subsidiary of \u00d8rsted, has acquired the development business of Coronal Energy, a Pasadena, Calif.-based power producer focused on utility-scale solar and storage projects. Coronal Energy, backed by Panasonic, owns and manages a 333-megawatt operating portfolio and a multi-gigawatt development pipeline in more than 20 U.S. states.<\/p>\n<p>The acquisition includes Coronal Energy\u2019s development team of solar and storage personnel, as well as the aforementioned pipeline of solar and storage projects in the U.S. The deal also includes multiple projects that have been awarded long-term power purchase agreements with credit-worthy utility counterparties.<\/p>\n<p>The acquisition further develops \u00d8rsted\u2019s expansion in the U.S., following its <a href=\"https:\/\/www.commercialsearch.com\/news\/orsted-acquires-deepwater-wind-in-a-510m-deal\/\">acquisition of Deepwater Wind<\/a> from D.E Shaw Group in a $510 million deal in October. \u201c<em>The global market for onshore wind power is expected to grow significantly in the coming years, and the U.S. is a leading onshore wind market,\u201d<\/em> stated \u00d8rsted CEO Henrik Poulsen in August 2018 when it acquired Lincoln Clean Energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition deepens \u00d8rsted\u2019s expansion in the U.S. following its acquisition of Deepwater Wind from D.E Shaw Group in a $510 million deal in October.<\/p>\n","protected":false},"author":237,"featured_media":1004321558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21743,21748,21783,23891,21742,21786],"tags":[45485,38089,42059,33111],"class_list":["post-1004321534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-deals","category-industrial","category-investment","category-national","category-latest","category-sustainability","tag-coronal-energy","tag-lincoln-clean-energy","tag-orsted","tag-panasonic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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