Andel and Better Energy sign “billion-Euro” investment for 2GW of new renewable capacity

January 9, 2024
Facebook
Twitter
LinkedIn
Reddit
Email
Rødkilde Solar Park in Denmark. Image: Better Energy

Danish energy distribution company Andel and Danish solar developer Better Energy have entered a joint partnership to build a portfolio of what a Better Energy spokesperson called “energy parks,” with a total power capacity of 2GW.

The spokesperson noted that the portfolio would consist of 15 energy parks, which would likely use a combination of solar, wind and battery storage technologies, and that solar would be present at each park. The companies will start construction on four energy parks in the Danish municipalities of Guldborgsund, Næstved, Sorø and Vordingborg by the end of next year, and will have a total power capacity of 750MW.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Better Energy noted that the project is a “billion-Euro” investment, and that each company would own half of each energy park, although they did not specify how much money would be invested into each project. The companies also noted that the joint ownership model does not include an agreement for the sale of electricity generated at the projects, with Andel and Better Energy able to sign their own power purchase agreements (PPAs) to sell power produced at the facilities.

“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,” said Andel CEO Jesper Hjulmand.

“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.”

Better Energy has already invested considerably in Europe’s solar sector, with a portfolio of 13GW of solar capacity in its pipeline.

More broadly, Denmark already has some of the most ambitious clean energy targets in Europe, including a reduction in greenhouse gas emissions to 70% of 1990 levels by 2030, and plans to exceed its total energy demands with renewables alone by the end of the decade, the latter of which has drawn support from the European Commission.

The news follows Copenhagen Infrastructure Partners’ acquisition of an 850MW solar portfolio in the country from Spanish developer Soltec last week, as interest in the Danish solar sector grows.

Read Next

October 22, 2025
Ingeteam’s Mauro Rivola discusses the rapidly growing appetite for co-located solar and storage in Southern Europe.
Premium
October 21, 2025
PV Tech Premium spoke with academic and industry experts about the rising tide of cybersecurity concerns in Europe's solar energy sector.
October 21, 2025
Cypress Creek Renewables has achieved financial close on its 75MW Sundance solar-plus-storage project in Elbert County, Colorado.
October 20, 2025
Bahrainian authorities are inviting initial proposals from developers to build a 100MW solar project in the country, due for commercial operation by September 2027.
October 14, 2025
German IPP wpd has started construction at its 140.6MW Marcy solar park in the Nièvre department of central France.
October 14, 2025
Apple will support 650MW of projects as part of a major expansion of its renewable energy investments in Europe, aimed at reducing its carbon footprint.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany