'Historic' arrangement authorized in between Luxcara as well as BeGreen for 415MWp of Danish solar

Jan 14, 2021 05:29 PM ET
  • German possession manager Luxcara has actually signed an investment arrangement with Danish solar programmer BeGreen for 4 PV parks.
'Historic' arrangement authorized in between Luxcara as well as BeGreen for 415MWp of Danish solar
Image: BeGreen

These are to have a total capacity of approximately 415MWp, with the first shipment of electricity collection for this year. Last conclusion of the portfolio is expected to happen in 2023.

BeGreen is to be in charge of the building and also O&M of the plants, which are to enter into a portfolio of renewable energy properties handled by Luxcara in behalf of institutional financiers.

It marks the first solar project in Denmark for Luxcara, with two of the parks to be located in the district of Faxe and the various other 2 in the municipalities of Vordingborg and also Herning.

The possession supervisor currently has a portfolio of over 3GW throughout Europe and also an investment volume of over EUR3 billion (US$ 3.6 billion).

Philip Sander, managing director of Luxcara, highlighted exactly how this brand-new solar portfolio is to be built without any government aids, with the electrical energy to either be offered to an offtaker with a lasting power purchase arrangement or on the Nord Pool place market, adding the company's emphasis remains on getting "high quality renewable energy assets throughout Europe".

In 2019, Luxcara got a 121MW PV project in Spain set to begin generation in 2020, as well as getting a 45MW website from Hive Energy in 2017. Like the possible prepare for the four brand-new websites, both of these projects are offering their power generation to an offtaker with power purchase agreements (PPAs).

Defining the agreement with Luxcara as "historic", Anders Dolmer, chairman of the Board of BeGreen, stated the four brand-new solar farms are "a vital turning point for the combination of large-scale solar power as a keystone in the future Danish power system". He included that rate is "important" to fulfilling Denmark's 2030 goal of a 70% decrease in CO2e exhausts.

BeGreen likewise assured that when selecting sites it constantly intends to reduce the effect on local landscapes, choosing level land as well as growing trees as well as bushes. It likewise said that manufacturing of lamb meat, turf for healthy protein extraction and also biochar is to continue the sites.

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