Danish renewables developer European Energy A/S said that it has divested over 100 MW of wind and solar farms in Europe in December 2023.
The final month of the year saw the company sell the 40.4-MW Bubney solar farm located in Shropshire, England, and the 12.6-MW Bloosballich in the German state of Saxony-Anhalt. The sale of another, undisclosed wind farm in Germany brought the total divested capacity to over 100 MW, according to the Danish company.
Developed, built and grid-connected by European Energy, the Bubney solar farm was fully acquired by the Elm Trading Group, an independent power producer.
The operational three-turbine Bloosballich was fully divested to an unnamed German family office.
“Our divestment efforts in December demonstrate a strong and growing market interest in the renewable energy projects we offer. The increasing interest in renewable energy projects is further strengthened by the market belief that the central bank rate hiking cycle has come to an end,” commented Jens-Peter Zink, Deputy CEO of European Energy.
Over the course of 2023, European Energy has divested more than 1,100 MW of renewable energy projects -- 346 MW in the US, 107.4 MW in the UK, 237.4 MW in Italy, 356 MW in Denmark, and 75.6 MW in Germany, the company added.