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.

Solar & Storage Finance USA Virtual Summit

6 October 2021

The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.

better energy, denmark, europe, finance, investment, pv power plants

European solar under the spotlight

July 30, 2021

Not only will solar be the dominant source of new power generation in Europe by 2025, cementing its position as the third largest market for solar globally, but the continent has placed the asset class at the very heart of its COVID-19 recovery strategy. As part of a week-long special report on PV Tech Premium, Liam Stoker, Edith Hancock and Jules Scully explore the drivers for solar in Europe, the key markets and the challenges that remain.

Sunnova eyes energy services investments as solar enters ‘new phase’ of maturation

July 29, 2021

US residential solar installer Sunnova said it was investing in its end-to-end solar services to cater for customers demanding more from their rooftop installations.

US Senate passes ‘once-in-a-generation’ bipartisan infrastructure deal

July 29, 2021

The US Senate has passed a new bipartisan infrastructure bill after weeks of protracted discussions, establishing US$550 billion in new infrastructure funding as part of an investment described as “once-in-a-generation”.

Canadian Solar bags financing to pursue flexible Brazilian solar strategy

July 27, 2021

Canadian Solar has closed a BRL500 million (US$100 million) financing facility to develop a Brazilian solar portfolio claimed to be the country’s largest, while also giving it the option to hold built solar assets for longer.

US ROUND-UP: Vision Solar to hire ‘hundreds’ in expansion, Recurrent completes Texas sale

July 27, 2021

A round-up of the latest news from the US solar market, featuring Vision Solar’s commitment to hire “hundreds” of sales staff as part of a two-state expansion, Recurrent Energy’s sale of two major assets in Texas and news of 8minute Solar Energy strengthening its legal team.

Speed of US climate solutions must increase five-fold, says DOE director

July 26, 2021

The pace of climate action in the US is “wholly unacceptable”, according to the director of the US Department of Energy’s (DOE) Loan Programme Office

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