Ørsted to buy solar and storage developer, Coronal

Yesterday during an earnings call, Danish offshore wind giant Ørsted announced that it has entered into an agreement to acquire a subsidiary of US-based Coronal Energy a developer of large-scale solar and storage projects. Ørsted’s CEO and President Henrik Poulson said that Coronal is “a nationwide solar and storage developer with a significant pipeline of solar and storage projects” and that the acquisition will expand “our capability platform and exposure to new attractive regional markets.”

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