Finance secured for 32MW of PV capacity in Denmark

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The site in Vollerup. Source: Better Energy.

The Danish Green Investment Bank has provided €16 million (US$18.4 million) of funding for two projects in Denmark with a combined capacity of 32MW.

Better Energy will develop the first 24.75MW in Vollerup and the 7MW project in Nees. It hopes to have both grid-connected before the end of the year.

The projects were awarded as part of the Germany-Denmark cross-border auction. Power from the sites will be sold with a price premium of €1.72/MWh (US$1.98/MWh) over and above the wholesale cost. Better Energy claims this makes them the least subsidised projects in the country as it edges closer to grid parity.

In 2017, Better Energy and the Bank agreed a €33 million (US$38.0 million) funding round for a portfolio of four projects totalling 51MW of capacity.

Read Next

December 6, 2021
Saudi solar developer ACWA Power has signed a memorandum of understanding (MoU) with Natixis Corporate & Investment Banking (Natixis CIB) that will see the partners explore opportunities to develop projects, including renewable energy plants.
December 3, 2021
Solar investor and asset manager NextEnergy Capital Group (NEC) has secured backing from the UK Infrastructure Bank for a new fund that aims to raise £500 million (US$663 million) to invest in subsidy-free solar power plants in the UK.
December 1, 2021
Major US bank Wells Fargo has closed its maiden tax equity investment into a colocated solar-storage project currently under construction in New Mexico, US.
December 1, 2021
Tech major Amazon has added a further 2GW to its committed utility-scale solar PV capacity, adding projects in the US and Europe to its renewables portfolio.
November 30, 2021
Solar EPC company iSun is investing in US commercial PV project developer Encore Renewable Energy as part of efforts to accelerate its geographic expansion.
November 30, 2021
‘Solar Module Super League’ (SMSL) member Canadian Solar has raised US$150 million through a share offering, with proceeds set to help the manufacturer expand its energy storage arm.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal