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

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
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.

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.

4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

May 16, 2022
The world added record amounts of renewable energy last year with 295GW of capacity deployed, up 6% year-on-year, despite supply chain constraints, project delays and high commodity prices, according to the International Energy Agency (IEA), which also expects nearly 320GW to be deployed this year.  
May 13, 2022
Welcome back to PV Tech's live coverage of the third and final day of Intersolar Europe 2022. This story will be updated throughout the day, so be sure to refresh for the latest news, product launches and insight from the exhibition
May 12, 2022
Welcome back to Intersolar Europe 2022 for the exhibition's second day, and PV Tech’s rolling coverage of the event also returns. This story will be updated throughout the day, so be sure to refresh for the latest news, product launches and insight from the exhibition. Our coverage of day one can be found here.
May 11, 2022
Canadian module manufacturer Heliene has seen unprecedented demand for its modules following the US Department of Commerce’s (DOC) decision to investigate alleged anti-dumping and circumvention (AD/CVD) by solar manufacturers in Thailand, Vietnam, Malaysia and Cambodia, which continues to spread chaos across the US solar sector.
Livetrue
May 11, 2022
Live coverage the opening day of Intersolar Europe 2022 from PV Tech's editorial team on the ground at Messe München.
PV Tech Premium
May 11, 2022
PV Tech Premium speaks with BIPV company SunStyle about their expansion into the US market and how they believe the time is right for the technology in the US.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA