Encavis and GreenGo Energy have announced plans for a subsidy-free solar farm in Denmark, as part of an agreement between the two companies to finance and develop 500MW-plus of projects.
GreenGo chief executive Karsten Nielsen said the project, named M30, will cover an area of more than 360 hectares of land under lease.
He added that the solar park is expected to produce more than 250 gigawatt-hours of electricity a year and will power more than 62,000 households.
Nielsen said: “Encavis, with their significant and deep experience in solar across Europe is an ideal partner for M30.
“Besides bringing full cycle financing, Encavis helps structure and optimise the project through the execution process, and brings broad access to potential PPA counterparties.”
The project has the support of local municipalities, GreenGo said.
Bronderslev Municipality mayor Mikael Klitgaard said: “First and foremost, I am very proud that our municipality has chosen to proceed with the plans for the establishment of this ambitious solar park.
“Secondly, I am pleased that the financing is already secured. We look forward to benefit from green solar energy within a few years from now.”