European Energy sells Danish solar farm

Dec 21, 2020 01:57 PM ET
  • Conquest is to get the just recently operational 27MW Naessundvej project
European Energy sells Danish solar farm
Image: European Energy

Alternate possession administration firm Conquest has actually authorized an agreement with European Energy to get a solar farm located in the Jutland area of northwest Denmark.

The acquisition of the 27MW Naessundvej project will certainly add to an extra yearly renewable power generation of 32 gigawatt-hours (GWh), it stated.

The solar park at Naessundvej is just one of the most recent projects to end up being operational on the Danish grid.

European Energy previously introduced that it had a long-term power acquisition agreement (PPA) in place with Google for the project.

Occupation, which buys long-term sustainable value stemming from European facilities as well as energy transition real assets, hailed the bargain as a spots for its access right into the Nordic framework market.

It formerly invested in the French market in 2017 and 2018 and in the Benelux region in 2019.

In 2019, Conquest's financial investment portfolio created over 224GWh of renewable resource, representing the annual usage of over 75,000 houses, as well as staying clear of over 3130 tonnes of co2 exhausts.

Head of state and also Founder of Conquest Frederic Palanque claimed: "This transaction flawlessly highlights our investment technique to develop lasting commercial collaborations with global developers and also platforms of sustainable Infrastructure properties in Europe."

European Energy chief executive Knud Erik Andersen said: "We are delighted to hand this crucial solar park off to Conquest as well as wish to collaborate on future investment possibilities within our wide European portfolio.

" In the meantime, we are going to look after Conquest's investment as we have likewise agreed to handle operation as well as administration of the solar park."

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