503 megawatts of owned capacity commissioned in 2017 places company as fourth largest owner in 2017 installations – and the largest non-utility.
CHICAGO – April 19, 2018 – The American Wind Energy Association (AWEA) recently released its U.S. Wind Industry Annual Market Report (Year Ending 2017) and Lincoln Clean Energy (LCE), a portfolio company of I Squared Capital, was 4th among owners of U.S. wind commissioned in 2017. LCE was also the largest non-utility owner measured by 2017 installations, with only three of the largest global utilities installing more U.S. wind power that year.
In 2017, LCE commissioned the 253-megawatt Amazon Wind Farm Texas and the 250-megawatt Willow Springs Wind Farm. The 503 megawatts of combined capacity can generate approximately 2.2 million megawatt-hours of renewable energy per year, or enough to power the equivalent of over 200,000 U.S. homes. LCE’s 300-megawatt Tahoka Wind project is currently under construction and will enter commercial operations in the fourth quarter of 2018.
“2017 was a year of tremendous execution for LCE and our many partners. Being the largest non-utility installer of U.S. wind is a great achievement and we are proud to be leading the transition to a renewable future in the U.S. alongside some of the largest energy companies in the world,” said Declan Flanagan, CEO of Lincoln Clean Energy.
“With a total development pipeline of 1,300 megawatts, including 300 megawatts already under construction, LCE is well positioned to maintain its leadership role in wind development in the U.S. through 2018 and beyond. We look forward to another major year for LCE, for U.S. wind power and for the clean energy jobs and local tax income that accompany wind development,” commented Adil Rahmathulla, Partner at I Squared Capital.
About Lincoln Clean Energy
Lincoln Clean Energy (LCE) is a leading developer of U.S. wind and solar projects with offices in Chicago, IL and Austin, TX. Since 2011, LCE has developed over two gigawatts of renewable power projects in California, New Jersey, and Texas. LCE is a portfolio company of I Squared Capital. For more information, visit: www.lincoln-clean-energy.com
About I Squared Capital
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe, and Asia. The firm has offices in New York, Houston, London, New Delhi, Hong Kong, and Singapore.