Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTBetter Energy targets 1 GW of solar in Finland with local partner
Solar panels in Denmark. Photo by: Better Energy (www.betterenergyworld.com).
May 26 (Renewables Now) - Danish renewable energy company Better Energy on Wednesday said it has formed a partnership with Finnish solar developer Forus with the aim of building more than 1 GW of solar power in Finland.
Better Energy plans to fund, construct, operate and own the solar parks. The Danish firm said the Finnish pipeline will add to its activities in Denmark, Poland and Sweden with a total pipeline of 7 GW.
The partnership comes after on May 14 Russia stopped electricity supplies to Finland, which further increased electricity prices.
Better Energy expects accelerated activities in Finland in the coming years. It pointed out that the country is currently a net importer of electricity, while solar is one of the cheapest forms of energy and also the fastest to deploy.
“Locally produced, clean, sustainable energy is critical not only for our climate and environment but also to European security policy,” said Better Energy chief executive Rasmus Lildholdt Kjær.
More stories to explore
Corio, Jera ready Formosa 3 for Taiwan offshore wind auction
Jul 01, 2022 16:12 CEST
Cost of new renewables climb, but gap to fossil power widens
Jul 01, 2022 16:07 CEST
Germany opens public consultation on offshore wind development plan
Jul 01, 2022 15:48 CEST
East Energy, utility to use green H2 to decarbonise district heating in Brandenburg
Jul 01, 2022 15:43 CEST
Biden pledges to take action as court limits EPA's authority
Jul 01, 2022 15:38 CESTShare this story
Tags
About the author
