Korkia, Recap Energy sign JV for 200MWp solar PV projects in Sweden

Facebook
Twitter
LinkedIn
Reddit
Email
Recap Energy and Korkia formed a JV to develop more than 200MWp of solar PV in Sweden in the next four years. Image: Unsplash.

Swedish renewable developer Recap Energy and Finnish investment company Korkia have signed a joint venture (JV) to develop more than 200MWp of ground-mounted solar PV projects in Sweden over the next four years.

The newly formed JV will aim to sell shovel-ready projects that are backed either through the signing of corporate power purchase agreements (PPAs) or merchant-based revenue schemes.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • 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

Marco Berggren, CEO of Recap Energy, said: “The combination of the current solar technologies, high energy prices, and straightforward development procedures makes utility scale solar in Sweden not only feasible, but an interesting business.”

Mikko Kantero, executive vice president of Renewable Energy at Korkia said the deal was a “significant step” in Korkia’s ambition to increase solar farms in northern countries, with a power development of over 4GWp in solar and wind power development across Europe and Latin America.

Sweden’s nascent solar market is expected to treble its production in the next two years to 3TWh, according to a report published last week by the Swedish Energy Agency. The country added 400MW of solar PV in 2020 and reached 1GW of installed capacity last year.

Read Next

August 29, 2025
Chinese module maker JA Solar has launched DesertBlue, a PV module designed for desert and semi-arid regions. 
August 29, 2025
US grid interconnection agreements grew by 33% in 2024, reaching 75GW, with three-quarters signed for solar PV and battery energy storage system (BESS) projects, according to a new report from energy market analyst Wood Mackenzie.
August 29, 2025
Meridian Energy and Nova Energy have established a JV to build and operate a 400MW solar plant in Rangitaiki near Taupo in New Zealand.
August 28, 2025
Indian solar manufacturing firm INA Solar has broken ground on its fourth 4.5GW cell production plant in Narmadapuram, Madhya Pradesh.
August 28, 2025
Boviet Solar has completed exterior construction work on its 3GW PV cell manufacturing facility in Greenville, Pitt County, North Carolina. 
August 28, 2025
Venture capital firm Pacific Channel has launched Fund V, which targets 10GW of solar, wind, and energy storage in New Zealand.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines