Danish partners to invest EUR800m in EU solar

Feb 3, 2023 11:22 AM ET
  • Better Energy and Industriens Pension expand partnership to develop 15 new sites in Denmark, Poland and Sweden
Danish partners to invest EUR800m in EU solar
Image: Unsplash/Andres Siimon

Better Energy and also Industriens Pension have actually accepted jointly spend EUR800m in the building of 15 solar farms in Europe.

The projects remain in Denmark, Poland and Sweden as well as are prepared to be functional by the end of 2024.

They will certainly have an incorporated capacity of over 1GW.

The two companies currently jointly very own 21 solar parks in a different collaboration and have actually spent around EUR670m in these.

In total, the two collaborations between Industriens Pension and also Better Energy are expected to own 36 parks with a yearly capacity of approximately 2GW.

Industriens Pension as well as Better Energy will each very own 50% of the completed solar power parks, while Better Energy will certainly be accountable for development, building, and also operation in addition to the sale of energy from the parks.

"Time is the critical factor in identifying the world we leave for those who follow us. Genuine adjustment begins with activity, and also our new solid partnership with Industriens Pension is a fine example of just how straight financial investments can make a substantial difference in the change we are facing.

"The partnership improves our momentum in all our markets; not least Poland, where the demand for economical, green energy is virtually insatiable," stated Mark Augustenborg Ødum, CIO at Better Energy.

"The new joint financial investment will certainly speed up the implementation of renewable resource in Denmark, Sweden, and also Poland. The new parks will certainly be another step towards guaranteeing a more independent energy supply, and also they have a very good climate effect per EUR invested. At the same time, we expect the solar parks to offer sufficient, long-term returns, so we are delighted concerning the financial investment for a number of reasons," states Peter Lindegaard, CIO of Industriens Pension.

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