Global Leader in International Renewable Industry News

posted in:

Lincoln Renewable Energy - www.youroilandgasnews.c

Lincoln Renewable Energy signs power sales contracts for 37.5 megawatts of California solar projects

Tuesday, Nov 06, 2012

CHICAGO, Nov. 5, 2012 /PRNewswire/ -- Lincoln Renewable Energy ('LRE'),  a developer of U.S. solar and wind projects, today announced it has entered into 20-year power sales agreements with Southern California Edison ('SCE') to deliver electricity from its Marathon (25 MW dc) and the neighboring Agincourt (12.5 MW dc) solar power plants. Both projects are located in San Bernardino County, Calif., and will go into construction in 2013

With its huge solar resources, California represents an enormous opportunity for solar power developers and customers alike," said Declan Flanagan LRE CEO. "California customers will benefit from the low-cost, fixed-price, clean and native energy these two projects will produce for decades to come."

Flanagan added, "Building on the success of our New Jersey Oak Solar project earlier this year, LRE is now one of the very few large-scale solar companies with a successful track record coast-to-coast."

When completed, the combined California solar projects – the 25-megawatt DC Marathon and the 12.5-megawatt Agincourt – will deploy more than 150,000 solar panels and produce enough electricity annually to power 14,000 households. Only four projects operating in the U.S. today are larger.

"2013 is shaping up as a busy year for LRE. In addition to $100 million of capex on our solar projects, multiple wind projects are ready to execute power contracts and enter construction if Congress extends the Production Tax Credit as soon as possible," Flanagan said.

LRE has more than 400 megawatts of solar projects in mid- and late-stage development in California and more than 1,000 megawatts of solar in development across the U.S. as well as more than 1,000 megawatts of wind power projects. Founded in 2009, the company has raised more than $100 million in external financing to fund its growth and is developing more than 30 solar and wind projects in 11 states managed from offices in Chicago, Austin, and Denver.

About Lincoln Renewable Energy

Lincoln Renewable Energy develops utility-scale solar and wind power projects from greenfield concept to commercial operation. The company is developing projects across the United States. Its management team has a proven track record in renewable-energy development. Their efforts have led to the construction of more than 3,000 megawatts of renewable energy in North America and Europe over the past 10 years. For more information, please visit

Source: Lincoln Renewable Energy

posted in:

Other Renewable News

EasySolar announces the all-in-one solar power solution 17-04-2014
Three International wind power exhibitions to take place in Shanghai in July 2014 17-04-2014
Bharat Light & Power selects OSIsoft PI System to support renewable energy growth in India 17-04-2014
JinkoSolar successfully connects two solar PV projects totaling 39MW to the grid in Jiangsu Province 17-04-2014
Yingli Green Energy signs cooperation agreement with Sailing Capital to jointly form a one billion RMB renewable energy fund 17-04-2014
IBERDROLA INGENIERÍA in Russia to construct the 1,020 MW substation for the Votkinskaya hydropower station 17-04-2014
Silver Fox® labels exhibit excellent results in latest long-term UV tests 16-04-2014
Introducing Trinity, a portable wind turbine power station for charging USB devices 16-04-2014
SolarWorld signs supply agreement with PetersenDean, largest privately held U.S. Roofing and Solar Company 16-04-2014
Two new wind farms in Nuevo Leon, Mexico, to be funded by the North American Development Bank 16-04-2014