European Energy has completed the sale of its 215MW Lidsø solar park in Lolland, Denmark, to Nordic independent power producer Alight. The Lidsø solar park, which began construction in the summer of 2024, is expected to be commissioned by the summer of 2025.
European Energy not only developed the project but also secured long-term power purchase agreements (PPAs) to ensure a stable energy offtake. The company will continue to manage the construction process and will be responsible for the operation of the park once it is commissioned.
Knud Erik Andersen, CEO of European Energy, commented, “We are pleased to see Alight acquiring Lidsø solar park, a project we have carefully developed and secured with long-term power purchase agreements. Importantly, European Energy remains committed to Lolland Municipality, where we have multiple projects under development. We continue to work closely with the municipality to ensure that renewable energy investments contribute to local employment and attract outside investment.”
Warren Campbell, CEO of Alight, stated, “Denmark represents an exciting opportunity for Alight. Our acquisition of Lidsø solar park, which European Energy has done a fantastic job developing, will help meet the country's rising electricity demand and marks just the beginning of our plans to contribute to Denmark's energy transition. Additional strategic acquisitions and partnerships will play a key role in our expansion.”
The sale of the Lidsø solar park is part of European Energy's broader strategy to accelerate the deployment of renewable energy both in Denmark and internationally.
