European Energy sells Danish solar farm

European Energy sells Danish solar farm

Alternative asset management company Conquest has signed an agreement to acquire a solar farm located in the Jutland region of northwestern Denmark with European Energy.

The acquisition of the 27MW Naessundvej project would lead to 32 gigawatt-hours (GWh) of additional annual renewable power production, it said.

Alternative asset management company Conquest has signed an agreement to acquire a solar farm located in the Jutland region of northwestern Denmark with European Energy.

The acquisition of the 27MW Naessundvej project would lead to 32 gigawatt-hours (GWh) of additional annual renewable power production, it said.

Conquest, which invests in the long-term sustainable value of real assets generated from European infrastructure and energy transformation, hailed the agreement as a milestone for its entrance into the Nordic infrastructure market.

It has previously invested in 2017 and 2018 in the French market and 2019 in the Benelux region.

The investment portfolio of Conquest generated over 224 GWh of renewable energy in 2019, reflecting the annual consumption of over 75,000 homes and preventing carbon dioxide emissions of over 3130 tonnes.

European Energy chief executive Knud Erik Andersen said: “We are delighted to hand this important solar park off to Conquest and hope to work together on future investment opportunities within our broad European portfolio.


“In the meantime, we are going to take care of Conquest’s investment as we have also agreed to take on operation and management of the solar park.”

 


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