Encavis enters deal to acquire two solar projects from European Energy

Encavis AG has signed a purchase agreement with European Energy for two solar parks in Denmark with a generation capacity of 105 megawatts (MWp) in total.

The projects involved are the subsidy-free Svinningegården solar park in the North-Western part of Zealand that represents a generation capacity of 34 MWp and is already connected to the grid, and the 71 MWp Rødby Fjord solar park located in Lolland in the very South-Western part of Zealand and will be connected to the grid in the first quarter of 2022.

European Energy has developed, constructed, and sold the two solar parks to Encavis. The produced electricity will be sold under long-term Power Purchase Agreements (PPA) over ten years to reputable Tech-Companies, based on a pay-as-produced structure.  Additionally, Rødby Fjord will benefit from a 20-year Feed-in-Tariff (FiT) from the Danish Ministry of Energy, Utilities and Climate.