GreenGo and Hydro Rein kick off Swedish partnership with 118MW of PV

Facebook
Twitter
LinkedIn
Reddit
Email
An illustration of one of the GreenGo projects in Denmark that Hydro Rein acquired in their earlier deal. Image: GreenGo Energy.

Solar developers GreenGo and Hydro Rein have inked a partnership agreement to develop utility-scale PV projects in Sweden, with the first two projects signed for this week.

118MW worth of PV, split between two projects, have been signed over to Hydro Rein as the first part of the partnership agreement. GreenGo will develop the projects and Hydro Rein will be responsible for construction, operations and contractual setup.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The projects are expected to generate 143GWh of electricity annually and grid connection applications have already been filed.

This is the second partnership that GreenGo and Hydro Rein have established in the Nordics. The first, in November 2022, saw the latter acquire 362MW of GreenGo’s PV projects in Denmark.

Karsten Nielsen, CEO of GreenGo Energy said of the deal: “This marks our first partnership agreement in the Swedish market, where we are rapidly expanding our footprint in an effort support the Swedish transition to 100% renewable energy. With Hydro’s financial strength, experience in renewable investments and strong industrial presence in the Nordic power market we together have a great and scalable platform.”

The generation capacity of this deal is significant for the Swedish market. Last month Nordic Solar added 83MW of solar PV to its Swedish portfolio. Though the market isn’t the largest in Europe, a report from energy thinktank Ember showed that Sweden saw the third highest comparative increase in PV capacity last year, after Lithuania and Poland.

Olivier Giradot, CEO of Hydro Rein said: “This is another step towards diversifying Hydro Rein’s Nordic portfolio, both geographically and technologically. We already have a significant pipeline of wind projects in Sweden, and with new green industrial development planned in the region we see great potential for combining wind and solar to decarbonize Swedish industry.” 

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

July 11, 2024
Iberdrola has signed a power purchase agreement with fast food chain Burger King to supply power from part of a 553MW solar PV plant. 
July 11, 2024
Dimension Renewable Energy has announced a new name and a plan to operate 500MW community solar projects by the end of next year.
July 11, 2024
US energy project developer Avangrid has installed the first modules at its 202MWdc/150MWac Powell Creek PV project in Putnam County, Ohio.
July 11, 2024
Three Chinese solar manufacturers - LONGi, Tongwei, and Aiko Solar - have reported losses in the first half of the year due to increased competition.
July 11, 2024
Europe imported around 33GW of solar PV modules from China in the first four months of 2024, representing 43% of total Chinese module exports, according to US energy analyst Clean Energy Associates (CEA).
Premium
July 11, 2024
Simon Yuen takes a close look at Soltec’s floating solar tracker, which the company says is based on naval design principles.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA
Solar Media Events
October 15, 2024
Santiago, Chile
Solar Media Events
October 22, 2024
New York, USA