Declan Flanagan is Executive Vice President and CEO of Ørsted Onshore. Formerly, Declan was with Lincoln Clean Energy (LCE), a developer, owner and operator of clean energy projects and a part of Ørsted A/S, a global leader in renewable energy. Through 2018 LCE developed and financed wind and solar power projects representing more than $3 billion in capital investment and over 2 gigawatts of capacity. In 2017 LCE was the largest non-utility developer of wind power commissioned in that year in the US.
Declan founded LCE in 2010 and with early funding from Austin Ventures and Samsung C&T and built LCE into a leading project developer by 2015 with over 1 gigawatts of completed projects having been sold to top tier strategic and financial investors. In late 2015 Declan partnered with I Squared Capital to buy out early investors and recapitalize LCE as an owner/operator as well as a project developer, backed by a $200 million equity commitment from I Squared. In August 2018 Ørsted announced it had acquired LCE from I Squared Capital and management shareholders at a valuation of $580 million.
Previously Declan served as CEO of the North American business of German utility E.On. Declan joined E.On in 2007 through its acquisition of Airtricity North America where he also served as CEO, having previously held various senior management positions with Airtricity in Europe before relocating to the US in 2003 to establish Airtricity North America. In four years from a standing start, Airtricity North America grew to a valuation of $1.4 billion at the time of its sale.
Declan is a former member of the boards of both the American Wind Energy Association and the Solar Energy Industry Association and has also served a Grand Final Judge in the MIT Clean Energy Prize. He holds a B.Sc. in Environmental Science from the National University of Ireland, an M.Sc. from the University of Ulster and an MBA from the Kellogg School of Management at Northwestern University.