Better Energy lands multi-million euro pension fund investment

• Solar developer will utilize funds from ATP scale production throughout Nordics and Poland

Solar programmer Better Energy has landed a "three-digit million euro financial investment" from pension fund.

The new funds will certainly form part of Better Energy's passion to scale green energy manufacturing across their markets of Denmark, Sweden, Finland, as well as Poland.

After the transaction, ATP owns 15 % of Better Energy and will have a seat on the company's board of supervisors.

The financial investment cements the central function of solar power in the future energy mix in Europe.

Better Energy is among the fastest expanding manufacturers of solar energy in Northern Europe with a pipe of more than 10GW of huge scale solar parks that will provide business, cities and also nations with green energy that minimizes carbon emissions, enhances biodiversity, and also is less costly than coal, oil and also gas.

The investment from ATP is a lever for Better Energy's continued scaling across their energetic markets of Denmark, Sweden, Finland, as well as Poland.

Better Energy chief executive Rasmus Lildholdt Kjær said: "In 2020, we completed our change from designer to renewable energy company.

" We get on the first few web pages in the next chapter in the green change, where it's everything about rolling out and also accelerating scalable renewable energy manufacturing.

" The investment from ATP aids boost our energy in all our markets, not least Poland where the need for low-cost, green energy is virtually pressing."

Polish electrical energy generation is presently dominated by fossil fuels, with greater than 70% of electricity being generated from coal.

The positive environmental effect of additional renewable energy sources in Poland is consequently significantly greater than in several various other nations, Better Energy stated.

The investment from ATP more reinforces Better Energy's press to create subsidy-free big scale solar parks in the nation.

Better Energy Poland currently has Postomino 30MW and also Polanow 30MW projects under operation.