The parties target to execute a total portfolio of more than one gigawatt from GreenGo Energy’s utility-scale solar PV portfolio in Denmark, corresponding to an investment from the joint venture of more than 600 million euros over the next three to five years.
See also: 12,5 MW solar park with trackers and bifacial modules
The total energy production of the targeted project portfolio corresponds to approximately 4 per cent of Denmark’s total yearly electricity demand today, equivalent to the demand of +300,000 Danish households. Under the partnership agreement, the joint venture will acquire projects from GreenGo Energy and provide financing through development and construction to commissioning (COD).
First two solar projects to be commissioned in 2026
The first two solar projects have already been acquired by the Joint Venture, a 170-megawatt project located in on Denmark’s west coast and one 192-megawatt project in the south of the country. Construction is scheduled to commence in 2024, completion is expected for 2026.
Strong partnership will accelerate the energy transition in Denmark
According to statements by the Danish government, all the electricity needed by the country is to originate from renewable sources by 2027. And the government targets a PV capacity of 20 gigawatts by 2030 to reach the firmly set 2030 goals. (mfo)
Also interesting: Electrolux solar distribution network expands to Sweden
