Monday, November 18, 2024

€1 billion equity partnership for renewable energy

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Each partner will own 50% of the completed portfolio, with Better Energy managing the development, construction and technical operations of the park. The companies also outlined their joint ambitions for energy storage and nature and biodiversity initiatives within the portfolio.

First four solar parks ready for construction

The first four solar parks will be built in the Danish municipalities of Solo, Voldingborg, Guldborgsund and Nesved. All four parks are expected to begin production this year or next. Together, these parks have a power generation capacity of approximately 750 MW, equivalent to the annual electricity consumption of approximately 490,000 Danes. If all 15 parks are built, the total capacity is expected to be approximately 2 GW, equivalent to the annual electricity consumption of approximately 1.3 million Danes.

Rasmus Lildholdt Kjær, CEO of Better Energy, said:

“Our partnership with Andel will have a direct impact on Denmark’s green transition. Andel, one of Denmark’s largest companies in terms of revenue, will soon become one of Denmark’s largest co-owners in green energy production. “We are in a hurry. The speed of the green transition is critical to the world we will live in 10, 20, 30 years from now.” It’s important. This agreement is an important step in the right direction.”

Jesper Hjulmand, CEO of Andel, said the partnership represents a decisive step forward for the energy conglomerate in terms of renewable energy production.

“We are in the midst of a very serious climate crisis that requires urgent action. Onshore wind and solar power are the fastest ways to expand renewable energy in Denmark. It is only natural that we intensify our commitment to solar power.” This is a very ambitious agreement that will increase the total production of renewable energy in Denmark, and will It will also have a significant impact on Ander’s goal of reaching 10 TWh of production. ”

For Jesper Hjulmand, Better Energy is the right partner.

“For Ander, it is important to fight climate change and secure renewable energy for our cooperative owners and customers. We are currently doing just this with Better Energy. As well as creating local value, we are also passionate about community dialogue and engagement. We have a comprehensive focus on taking climate and nature into account in the development of our energy parks.”

Did you miss that?More solar PPAs to be installed in Denmark

Mark Augustenborg Ødum, Better Energy’s CFO, explains Better Energy’s partnership model: Essentially, this involves inviting co-owners who share the vision of accelerating the green transition.

“As a partner, we will be joining Energy Park’s portfolio. Through this partnership, Ander will gain direct ownership of green energy production in Denmark, and Better Energy will be able to generate renewable energy across the markets of Denmark, Poland and Sweden.” ” and Finland. ”

Additional facts about partnerships

The proposed energy park will join the portfolio once permission is obtained and the pre-construction stage begins. In all projects, we aim to achieve the widest possible acceptance among local community residents and authorities, including through nature initiatives, adaptation of the project area, animal corridors, and close-to-town recreation initiatives. It has been prioritized through the planning process and local dialogue. Area and pass system. Joint ownership of an energy park does not include joint sales of energy. Each party sells a share of the electricity, and marketing and customer communications are also handled separately.

Solar parks ready for construction include:

In the city of Solo, a park is being built near Vedde, with a capacity of 107 MW, expected to generate approximately 108 GWh per year, equivalent to the average annual electricity consumption of a Dane.

In the city of Voldingborg, a park is being built near Kon Mose, with a capacity of 187 MW, expected to generate approximately 198 GWh per year, equivalent to the average electricity consumption of a Dane in a year. Masu.

Also of interest: Denmark: new solar park boosts biodiversity

In the city of Guldborgsund, a park is being built near Radsted and Grange, with a capacity of 329 MW, expected to generate approximately 349 GWh per year, which is about the average electricity consumption of a Dane in a year. corresponds to

In the city of Naestved, a park with a capacity of 120 MW is being built near Sarto, but the expected annual power generation has not yet been calculated. (HCN)





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