Korkia, Recap Energy sign JV for 200MWp solar PV projects in Sweden

• Swedish renewable developer Recap Energy and Finnish investment company Korkia have actually signed a joint venture (JV) to create more than 200MWp of ground-mounted solar PV projects in Sweden over the next 4 years.

The freshly formed JV will certainly aim to sell shovel-ready projects that are backed either through the finalizing of company power purchase contracts (PPAs) or merchant-based income schemes.

Marco Berggren, CEO of Recap Energy, claimed: "The mix of the present solar modern technologies, high energy prices, and also uncomplicated advancement procedures makes utility scale solar in Sweden not only practical, however an interesting company."

Mikko Kantero, executive vice head of state of Renewable Energy at Korkia said the deal was a "substantial step" in Korkia's passion to enhance solar farms in northern countries, with a power growth of over 4GWp in solar and wind power growth throughout Europe as well as Latin America.

Sweden's inceptive solar market is expected to treble its production in the next 2 years to 3TWh, according to a report released last week by the Swedish Energy Agency. The country included 400MW of solar PV in 2020 as well as reached 1GW of installed capacity last year.