Encavis buys 105 MWp solar duo in Denmark

German solar and wind farm operator Encavis AG (ETR:ECV) has agreed to acquire two solar parks with a total capacity of 105 MWp in Denmark from ​wind and solar developer European Energy A/S in a deal that bolsters its position in the Nordic region.

The purchase includes the 34-MW Svinningegarden solar park in the northwest of the Zealand island, which is already in operation, and the 71-MWp Rødby Fjord project in the southwest of the island which will be commissioned in the first quarter of 2022, Encavis said on Tuesday.

The Svinningegarden facility has been built without state subsidies and the electricity from the park will be marketed under long-term power purchase agreements (PPAs) with tech companies while the Rødby Fjord park will receive a feed-in-tariff (FiT) from the Danish Ministry of Energy, Utilities and Climate for a period of 20 years.

The parks were developed and built by European Energy.

"The two projects diversify our PV portfolio in Northern Europe, jump-start our PV generation capacity in Denmark on short notice to more than 100 MWp, and increase our generation capacity to close to 1.9 gigawatts (GW) within the Encavis Group," said Encavis's chief executive Dierk Paskert.

The acquisition follows the start of the construction of the German company's first solar park in Denmark in October. The 12-MW Ringkobing plant located on the North Sea coast will be put into operation in the second half of next year and is part of a partnership between Encavis and solar developer GreenGo Energy Group a/s that includes a development pipeline of over 500 MW in the Nordic country.

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