Finance secured for 32MW of PV capacity in Denmark

Facebook
Twitter
LinkedIn
Reddit
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.

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 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

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA