Better Energy has said it expects to postpone 3GW of upcoming solar projects in its Danish pipeline until after 2030 due to poor market signals, including negative electricity prices.
Better Energy chief executive Rasmus Lildholdt Kjær (pictured) said: “We react swiftly to market signals to ensure that we are in the right position and aligned towards the market situation we are heading into.
“Specifically, this means that we expect to postpone 3GW of upcoming solar power capacity from our Danish project portfolio alone until after 2030.
“At the same time, we are readjusting our organisation to an even greater focus on timing our future energy parks with regional need for green energy.”
Better Energy said, despite political commitments aimed at increasing electrification and promoting more flexible electricity consumption, the reality has yet to fully align with these ambitions.
A telling indicator of this disconnect is the increasing occurrence of negative electricity prices across Europe, it added.
The number of hours with negative prices is increasing sharply, and the preliminary figures for 2024 in Denmark have already broken a new record compared to 2023, which was also a record year, according to the developer.
Kjær said: “Until now, our mantra has been as much renewable energy as possible, as quickly as possible. Going forward it will be green energy in the right place at the right time.
“This is a strategic direction we have already set and which we are now fully implementing.”