Ørsted set to become central US player following large onshore wind acquisition
Ørsted's acquisition of US onshore wind developer Lincoln Clean Energy will improve the Danish utility's access to the US offshore wind market.
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.
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