Denmark's Luxcara Solar Trio: 316MW FID Achieved

• Luxcara and Bayerische Landesbank shine bright with 316MW solar portfolio in Denmark, a major step towards a sustainable future in Northern Europe.

Luxcara and Bayerische Landesbank have achieved financial close for a 316MW solar portfolio in Denmark, making it one of Northern Europe's largest solar power-plant sets. The portfolio consists of three assets with capacities of 137.3MW, 111.6MW, and 66.7MW, located in Zealand and Jutland.

The three solar plants, Barmosen, Faxe, and Vildbjerg, were energized in late 2022 and fully connected to the grid in 2023. The parties involved have decided to keep the volume of the financing confidential. Luxcara's finance director, Nils Driemeyer, expressed excitement about reaching this milestone and highlighted the quality of the projects, which will help accelerate the energy transition.

What makes Luxcara and Bayerische Landesbank's solar portfolio in Denmark significant?

• The 316MW solar portfolio in Denmark is one of the largest in Northern Europe, showcasing the country's commitment to renewable energy.
• The portfolio consists of three solar plants with capacities of 137.3MW, 111.6MW, and 66.7MW, located in Zealand and Jutland, strategically positioned to maximize solar energy generation.
• The solar plants, Barmosen, Faxe, and Vildbjerg, were energized in late 2022 and fully connected to the grid in 2023, contributing clean energy to the Danish electricity system.
• Luxcara and Bayerische Landesbank's collaboration on this solar portfolio signifies a significant investment in sustainable energy infrastructure, supporting Denmark's goal of achieving carbon neutrality.
• The financial close for this solar portfolio demonstrates the attractiveness of renewable energy projects to investors, highlighting the potential for further growth in the sector.