Better Energy, Andel form 2GW Danish renewable energy partnership

Andel and Better Energy have entered into a billion-euro partnership to increase Denmark’s renewable energy capacity. The partnership will deliver 15 new energy parks in Denmark between 2024 and 2028 with a combined capacity of 2GW.

Each partner will own 50% of the completed portfolio, with Better Energy managing the parks' development, construction and technical operation.

The two companies have also outlined joint ambitions for energy storage and nature and biodiversity initiatives within the portfolio.

The first four energy parks are expected to be built in the Danish municipalities of Soro (107MW), Vordingborg (187MW), Guldborgsund (329MW) and Naestved (120MW). All four parks are expected to start production in 2024 and 2025 and will have a capacity of around 750MW. Four of the energy parks are expected to be grid-connected in 2024 and 2025.

Jesper Hjulmand, CEO of Andel, said: "We are in the midst of a very serious climate crisis that requires our action urgently. Wind and solar power on land is the fastest way to expand our renewable energy in Denmark. Consequently, it is only natural that we increase our commitment to solar power. This is a very ambitious agreement that will increase the total production of renewable energy in Denmark and which will also have a significant effect in relation to Andel's goal of our production of renewable energy reaching 10 TWh in 2035.”

Mark Augustenborg Odum, CFO of Better Energy, said: "Through this partnership, Andel gains direct ownership of green energy production in Denmark and Better Energy can continue to increase the pace of expanding renewable energy across our markets in Denmark, Poland, Sweden and Finland."

The proposed energy parks will enter the portfolio once permits are obtained and they enter the ready-to-build phase.

For all projects it has been a priority throughout the planning process and local dialogues, to achieve as broad acceptance as possible among the population and authorities in the local communities, such as through nature initiatives, adaptations of project areas, fauna passages, recreational initiatives near town areas and paths.