Scandinavia's subsidy-free solar hr nears as Encavis signs 500MW-plus offer

• Rolling technology costs have encouraged Encavis AG to sponsor a major subsidy-free solar play in Scandinavia, bringing Europe's free-market sector better north than it has presumed.

Previously this week, the German renewable firm said it will companion with Hørsholm-based GreenGo Power Group to supply a 500MW-plus solar profile in Denmark, with strategies to stay away from government assistance.

The agreement grants Encavis exclusivity legal rights for the 500MW-plus set called the Mermaid profile, part of the pipeline GreenGo has actually been accumulating in recent times. Encavis will acquire jobs at an early stage as well as care for funding completely to commercial procedure.

In a statement, the companions stated the unsubsidised portfolio will certainly start with lead project Project M01A. The solar venture in the Ringkøbing Skjern kommune, by Denmark's western coast, has actually already gotten preparation and structure permits and is expected to begin later this year.

Encavis and GreenGo did not define at this moment the intended location and capability of all the solar tasks to find after M01A, apart from stating that the "diversity across Denmark" will certainly aid reduce dangers with the entire profile.

" We know Denmark quite possibly already from our growing wind profile, so including solar to the mix at this scale makes best feeling," stated Encavis CEO Dr Dierk Paskert, including: "We expect additional contributing to the energy change in Denmark."

Google, govt officials joined by faith in Danish solar

The Encavis-GreenGo venture notes a crystallisation of what Denmark's government had anticipated last December. Having actually taken note of dropping tolls at technology-neutral public auctions, state energy coordinators stated they really felt the country awaits unsubsidised solar and also wind.

The idea in solar leads in among Europe's cloudiest nations was shared by Google. Last year, the modern technology significant came to be the PPA offtaker of a 160MW pipe of Danish PV, telling PV Technology the country has actually gone from "not [being] a prime location for solar" to a "cost-competitive" market.

The rationale was echoed today by GreenGo's CEO Karsten Nielsen." [Danish] solar is interfering with on-shore wind and particularly off-shore wind in regards to pure LCOE," the exec mentioned in the ready statement. "We believe that everyone will certainly recognize this quickly."

According to Nielsen, the moment has actually concerned show solar as well as storage can end up being a "pillar" of Denmark's energy change. The brand-new environment targets will set off a "game-changing" rise of power need, he claimed, adding:" [It's] most likely among the most interesting solar markets these days."

The insurance claims of solar ending up being a worthwhile venture in cloudier nations resonate with talk at Solar Media's own occasions. At last year's PV ModuleTech in Penang (Malaysia), professionals stated Scandinavia, Canada and also various other northern locations would certainly take advantage of the surge of high-output bifacial components.

For Encavis, the collaboration in Denmark comes days after it posted year-on-year jumps of earnings and also profits in Q1 2020 despite the COVID-19 crisis. In its update, the firm stated it does not currently believe the pandemic will stop it from reaching 2020 growth targets set in March.