European Energy has completed the sale of the 215MW Lidsø solar park in Lolland, Denmark, to Nordic independent power producer Alight.
Lidsø solar park began construction in the summer of 2024 and is scheduled for commissioning in the summer of 2025.
European Energy has not only developed the project but has also secured long-term PPAs to ensure stable energy offtake.
European Energy will continue to oversee the construction of the solar park and will be responsible for its operation once commissioned.
Knud Erik Andersen, chief executive of European Energy, said: “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, chief executive of Alight, added: “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 transaction is part of European Energy’s strategy to accelerate the deployment of renewable energy across Denmark and internationally.