One of Denmark's largest solar parks, Nørhede-Hjortmose near Ringkøbing, reaches "ready-to-build"
GreenGo Energy, in partnership with German Encavis AG, has achieved "ready-to-build" status for the upcoming +270-hectare solar facility near Ringkøbing. The facility will be one of the largest in Denmark.
Solar park near Ringkøbing, Denmark
One of Denmark's largest solar parks, Nørhede-Hjortmose near Ringkøbing, is now a significant step closer to being realized in full scale with the "ready-to-build" stamp.
The solar park has a capacity of 132 MW equivalent to powering 42,000 households and at the same time replacing a significant amount of CO2 in the Danish energy production. The project has been in planning for several years, and Karsten Nielsen, CEO of Danish GreenGo Energy, who is responsible for development and construction of the site, calls it a milestone that the project is now entering a new phase.
"This is a milestone. For us, for our strategic partner Encavis, and for the transition to green energy in Denmark. Together with Encavis alone, we are developing more than 500 MW of subsidy-free solar energy in Denmark. In total, GreenGo Energy have recently reached +2GW solar projects in Denmark sold to Tier1 clients. That is also a milestone," says Karsten Nielsen.
Mario Schirru, Chief Investment Officer/Chief Operating Officer at German Encavis, is excited about the progress: "In about two and a half years, we have realized more than 280 MW of generation capacity from photovoltaic projects of our Strategic Development Partner GreenGo Energy in Denmark. Our Danish solar park portfolio now comprises almost 400 MW and, together with Germany (over 400 MW) and Spain (583 MW), is one of our largest solar park portfolios in Europe. The involvement of Encavis in Denmark is thus also a contribution to the further diversification of our activities in the growth market of subsidy-free solar energy”, he says.
Encavis and GreenGo Energy signed a strategic partnership back in 2019 to build over 500 MW of subsidy-free solar energy in Denmark. The largest (and first) projects are in Ringkøbing-Skjern Municipality.
"In Ringkøbing, in particular, we see great ambitions. The collaboration with both the municipality and the local farmers providing land have been excellent", Karsten Nielsen continues, including that GreenGo Energy is also involved in another large solar park in the area and that the facilities are part of the municipality's plans to host one of the world's largest energy parks with wind, solar, and power-to-X technology.
The Nørhede-Hjortmose park is expected to be fully operational from 2026.
About Encavis AG
Encavis AG is a German solar energy company which develops, builds, and operates solar parks on an industrial scale The Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from Renewable Energies listed on the MDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates (onshore) wind farms and solar parks in twelve European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group’s total generation capacity currently adds up to more than 3.5 gigawatts (GW), of which more than 2.1 GW belongs to the Encavis AG, which corresponds to a total saving of around 0.8 million tonnes of CO2 per year stand-alone for the Encavis AG.
Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors. Another Group member company is Stern Energy S.p.A., based in Parma, Italy, a specialised provider of technical services for the installation, operation, maintenance, revamping and repowering of photovoltaic systems across Europe.
ENCAVIS is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG’s environmental, social and governance performance has been awarded by two of the world’s leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with their “A” level and ISS ESG with their “Prime” label.
Additional information can be found on www.encavis.com
About GreenGo Energy Group
GreenGo Energy was founded in 2011 with the vision to accelerate conversion to renewable energy generation, by an innovative and scalable business model. GreenGo Energy’s 360-degree full services platform includes origination, investment structuring, development, offtake, EPC management and asset management services, fully tailored and bespoke to our client’s needs and investment profile.
GreenGo Energy has 19 GW of solar, wind and P2X projects in various stages of development and construction in seven U.S. states and in Northern Europe, of which more than 4.5 GW has been contracted through partnership agreements with Tier 1 investors in the renewable space.
GreenGo Energy is headquartered in Denmark, with over 100 employees serving customers worldwide.