Encavis acquires 105 MWp solar duo in Denmark

Dec 28, 2021 01:43 PM ET
  • German solar and wind farm operator Encavis AG (ETR: ECV) has agreed to get 2 solar parks with a total capacity of 105 MWp in Denmark from wind and solar designer European Energy A/S in an offer that bolsters its position in the Nordic area.
Encavis acquires 105 MWp solar duo in Denmark
Image: Better Energy

The acquisition includes the 34-MW Svinningegarden solar park in the northwest of the Zealand island, which is currently in operation, and also the 71-MWp Rødby Fjord project in the southwest of the island which will be appointed in the first quarter of 2022, Encavis stated on Tuesday.

The Svinningegarden center has actually been built without state subsidies as well as the electrical energy from the park will certainly be marketed under long-term power acquisition arrangements (PPAs) with technology firms while the Rødby Fjord park will get a feed-in-tariff (FiT) from the Danish Ministry of Energy, Utilities as well as Climate for a duration of 20 years.

The parks were established and built by European Energy.

"Both projects diversify our PV portfolio in Northern Europe, jump-start our PV generation capacity in Denmark on short notification to greater than 100 MWp, as well as enhance our generation capacity to close to 1.9 gigawatts (GW) within the Encavis Group," said Encavis's chief executive Dierk Paskert.

The acquisition follows the beginning of the building and construction of the German firm's first solar park in Denmark in October. The 12-MW Ringkobing plant located on the North Sea coast will certainly be put into operation in the second fifty percent of following year and is part of a collaboration between Encavis and solar programmer GreenGo Energy Group a/s that consists of an advancement pipe of over 500 MW in the Nordic country.

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