Soltech Group subsidiary, Soltech Energy Solutions, and the Norwegian PV developer and investor Solgrid have entered a co-operation agreement to develop 300MW of projects in southern Sweden.
Under the agreement, Solgrid will invest and own several solar park projects that Soltech Energy Solutions will develop, install and operate.
The ambition would mean a total investment of approximately SEK2bn for Solgrid if all applications are approved.
County administrations and network owners decide on the number of projects approved, but the forecast for the initial order volume is total approx. SEK700m up to SEK1bn for Soltech Energy Solutions during the first 3-4 year period, the developer said.
The agreement means that Solgrid will become the owner and investor of several solar parks that Soltech Energy Solutions designs, installs and operates in southern Sweden.
Christoffer Caesar, chief executive of Soltech Energy Solutions said: “This project development agreement confirms the strategic movement we are making towards becoming a large-scale project developer that attracts investors that want to contribute to and accelerate the green transition.
“Solgrid is a highly competent partner who has seen the advantages in Sweden’s solar energy conditions as well as in our quality processes and experience within the team.”
The projects that Soltech Energy Solutions will design and develop for Solgrid are located in the so called electricity area SE4 and will be carefully evaluated based on existing infrastructure and where the solar parks can harmonize with natural and cultural values.