Danish renewable energy company Better Energy has successfully secured a funding deal in the “three-digit DKK million” range from compatriot Jyske Bank. The substantial funding is earmarked to support a 200-megawatt peak (MWp) portfolio of solar parks within Denmark.
The financing will be directed towards three photovoltaic (PV) plants that have already been constructed as part of Better Energy's collaboration with the domestic pension fund, Industriens Pension. The partnership aims to realize a 1-gigawatt solar deployment across three European countries.
Notably, the three solar parks are currently operational, contributing power to the grid with an annual output of approximately 210,000 megawatt-hours (MWh). This output is anticipated to match the average electricity consumption of approximately 131,000 Danish citizens.
The collaboration between Better Energy and Industriens Pension, initiated last year, outlines plans for the installation of 15 solar PV parks across Denmark, Sweden, and Poland. This expansion builds upon a previous partnership, which saw the construction of 21 solar plants. Together, these initiatives encompass projects with a combined capacity of around 2 gigawatts.