European Energy received EUR40 million from Danish Environment-friendly Mutual Fund

• Danish renewables designer European Energy A/S has been provided a EUR40 million finance center by the Danish Green Investment Fund to help boost the construction of large scale wind and also solar projects. The teamwork with the Danish Green Investment Fund will support the purposes of European Energy to create 750 MW brand-new environment-friendly power ability from solar and wind by 2021 as well as an additional 1 GW in 2022.

The business aims to develop a solar plant near Danish municipality of Aabenraa, which will be "the most significant solar power center in Northern Europe," states Knud Erik Andersen, CEO at European Energy. This project will certainly require set asset financial investments amounting to more than EUR150 million.

The Danish Green Investment Fund is one out of 4 public funds that have been provided additional funding to ensure financial investment for environment-friendly organizations and business owners. Together with Vaekstfonden, the Danish state's investment fund, the Danish Green Investment Fund has actually been reinforced by additional EUR1,5 billion.

European Energy constructs wind and solar ranches as well as big scale environment-friendly energy storage space. Based in Copenhagen, Denmark, since the company's beginning in 2004, it has actually delivered 1,153 MW of Wind and also 510 MW of solar properties across 11 nations, completing an advancing financial investment of EUR2,290 million. Current growth pipe totals 16 GW with 1 GW in ready-to-build condition and also greater than 300 MW currently incomplete. 11 GW is PV.