European Energy discusses sale of newly-connected Danish solar farm

Source: European Energy

December 3 (Renewables Now) - Danish wind and solar developer European Energy A/S said today it has completed a 34-MW solar farm in the city of Holbaek and is currently holding talks to sell the asset.

The project in question is called Svinningegarden and has been under construction since March 2021. It has the capacity to produce enough power to supply over 6,500 homes.

European Energy did not disclose the name of the potential buyer but mentioned it expects a deal to be closed by the end of 2021.

“The level of construction activity for European Energy has never been higher. We’re committed to the expansion of green energy and before the end of 2021, we will see the completion of many more projects from European Energy,” CEO Knud Erik Andersen commented.

The company had 27 projects under construction in seven countries at the end of the third quarter. It anticipates achieving its year-end targets with EUR 80 million (USD 90.4m) in earnings before interest, tax, depreciation and amortisation (EBITDA) and EUR 50 million in after-tax profit.

(EUR 1.0 = USD 1.130)

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\