GreenGo Opens US Operations Office in Charlotte, North Carolina

GREENGO HAS OPENED A U.S. OPERATIONS CENTRE IN CHARLOTTE, NORTH CAROLINA, TO SUPPORT THE RAPIDLY EXPANDING U.S. ACTIVITIES WITHIN LARGE SCALE SOLAR SOLUTIONS DEVELOPED FOR C&I CLIENTS AND LARGE-SCALE SOLAR PROJECT INVESTORS.

Locations of 200MW+ portfolio, North Carolina.

Locations of 200MW+ portfolio, North Carolina.

The GreenGo U.S. operations centre will manage U.S. business development, project development 360, EPC services, and O&M/AM services on behalf of our clients. Starting up with 5 employees, the operations centre is expected to scale up to 20-25 employees throughout 2017 and 2018.

CEO Karsten Nielsen comments:

“Charlotte was a natural choice with our strategic focus on South/East US and the significant pipeline of projects in development in North Carolina. Charlotte is furthermore one of the most prosperous cities in the US, a key consideration with our ambition of recruiting top talent with significant solar experience.“

 

About GreenGo Energy Group A/S

GreenGo Energy Group A/S was founded in 2011 with a vision to disrupt the century-old centralized utility-scale business models through disruptive full-service solar solutions.

GreenGo quickly obtained a market leadership position in the Nordics with MW solutions for blue-chip clients including IKEA, Porsche Holding, SEB, Danica Pension, and Pension Denmark.

Throughout 2015 and 2016, we have invested significantly in global expansion with a focus on the U.S. market. In close collaboration with our strategic project financing partners, we are currently developing more than 1.4GW in several U.S. states. In order to secure maximal business and environmental impact, we exclusively focus on large-scale 100MW+ solutions and target 100% RE conversion of the C&I clients.

GreenGo’s platform is a full-service solution including origination, development, engineering, construction, operations & maintenance, asset management, and project financing services. We continue to innovate and develop the full-service platform, business models, and disruptive products and services that drive disruptions in the cost of solar energy and create customer and investor convenience.

Our strategic focus lies on the business model that maintains positive cash-flow throughout project execution, avoids debt, and keeps solar assets off our balance sheet. In order to enhance our competitiveness and total earnings per Watt installed, we focus on developing project financing solutions that continuously lower cost-of-capital.

Furthermore, the paradigm going forward is what we call Solar 2.0: solutions that do not rely on government subsidies or incentives. We consider this essential for developing a sustainable growth platform.

Our organization currently consists of 30 skilled employees in Denmark, USA, and Mexico. More than 50% of these employees have an engineering background. The financial targets are ambitious, and we plan to have more than 2GW in operation by 2020, thus becoming a GW company.

GreenGo is owned by founders and financially strong Danish family offices, ensuring strong backing and a long-term view on the development of the company.