Better Energy and Danish energy distributor Andel have teamed up to develop 15 solar energy parks with a 2GWp capacity in Denmark over the next four years.
The partnership expects to invest over €1bn to construct the parks between 2024 and 2028 with each partner owning 50% of the completed portfolio.
Better Energy is expected to manage the parks’ development, construction and technical operation.
The first four energy parks are expected to be built in the Danish municipalities of Sorø, Vordingborg, Guldborgsund and Næstved. All four parks are expected to start production this year or next year.
Rasmus Lildholdt Kjær, CEO of Better Energy, said: “Our partnership with Andel will directly impact the green transition in Denmark. We can all be proud that Andel, one of Denmark’s largest companies in terms of revenue, will soon be able to call itself one of Denmark’s largest co-owners of green energy production on land.
“We are in a hurry, and the speed of the green transition is crucial for the world we will live in 10, 20, 30 years from now. This agreement is a significant step in the right direction.”
Jesper Hjulmand, CEO of Andel, said: “We are in the midst of a very serious climate crisis that requires our action urgently. Wind and solar power on land is the fastest way to expand our renewable energy in Denmark. Consequently, it is only natural that we increase our commitment to solar power.
”This is a very ambitious agreement that will increase the total production of renewable energy in Denmark and which will also have a significant effect in relation to Andel’s goal of our production of renewable energy reaching 10TWh in 2035”.
Mark Augustenborg Ødum, CFO of Better Energy, said: “As a partner, you enter a portfolio of energy parks. Through this partnership, Andel gains direct ownership of green energy production in Denmark, and Better Energy can continue to increase the pace of expanding renewable energy across our markets in Denmark, Poland, Sweden, and Finland.”
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