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Danish renewable energy company Better Energy and pension fund Industriens Pension will jointly invest EUR 874 million to build 15 photovoltaic (PV) parks with a combined capacity of 1 GW in Denmark, Sweden, and Poland
The capacity will be installed by the end of next year, with no subsidies.
The initiative will expand an existing partnership between the compatriots involving 21 solar parks, taking the overall capacity of their projects to around 2 GW.
The investment in the 36 projects, including the 15 newly announced, will amount to EUR 1.5 billion.
The companies will each own 50 percent of the completed solar power plants. Better Energy will take care of the project development, construction, and operation and will also handle power generation sales.
