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European Wind Farm Giant Orsted Takes A £450m Bite Out Of Us Market

by telegraph.co.uk posted 4months ago 58 views
One of the largest wind farm developers in the UK has paid more than half a billion dollars for a slice of the booming US wind power market. Denmark’s Orsted, formerly known as Dong Energy, has been actively hunting out long-term opportunities in the US to complement its record-breaking offshore developments in UK waters. It used its better-than-expected first-half financial results to announce plans to pay $580m (£450m) for Chicago-based onshore wind farm developer Lincoln Clean Energy.