Encavis, Solgrid getting 14-MW Swedish solar project

Nov 24, 2022 11:51 AM ET
  • German wind and solar farm driver Encavis AG (ETR: ECV) today said it is in the process of acquiring a 14-MW solar project in Sweden under its collaboration with Norwegian solar developer Solgrid AS.
Encavis, Solgrid getting 14-MW Swedish solar project
Image: Encavis AG.

To be set up in the Vastervik municipality of eastern Sweden, the solar (PV) project will be the 2nd system of a larger portfolio that both companies intend to realise without subsidies. At end-2021, the duo accepted collectively work on an over 100-MWp pipe and also market the electrical power under long-lasting power purchase agreements (PPAs).

The 14-MW project will be owned by EnSol Nordic, a joint venture of Solgrid and also Encavis and 90%-controlled by the German firm. The plant is slated to be connected to the grid in the 3rd quarter of following year. It will join the 5-MW Varberg Norra solar park on the western Swedish coastline, which is currently in operation.

Until packing numerous projects to authorize a long-lasting PPA, Encavis will certainly sell short- and mid-term hedged power agreements, it said.

As concurred in 2021, EnSol Nordc will certainly acquire ready-to-build PV projects in Sweden and Norway, safe project financing and look after their building and construction, operation and upkeep (O&M).

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