Solgrid will take a leading position as a Nordic developer and producer of solar power. They are now entering into a partnership agreement with renewable energy company Encavis.
The three-year agreement aims to secure financial and industrial development of new solar power projects.
Encavis is a leading independent power producer that both finances and operates solar power plants across Europe.
As part of this agreement, Encavis will have a 60 % interest in the Varberg Norra solar power plant in southern Sweden.
Solar power projects in Viken county, Norway will not be covered by the partnership agreement with Encavis.
-With Encavis, we gain a very experienced partner on the team. Europe is in the midst of a major energy transition, and solar power is the fastest growing energy source. With financial muscle, we can execute the projects better and faster, says Kristin Melsnes, CEO of Solgrid.
Solgrid has developed a significant project portfolio in Norway and Sweden and plans to develop a capacity of 2000 MWp by 2030.
Varberg Norra, outside Gothenburg, was the starting point for Solgrid’s efforts in large-scale, ground mounted, solar power development in the Nordic region.
In October, the company also submitted Norway’s first license application for a solar power plant, located in the Stor-Elvdal municipality.
Fast forward to 2025
Encavis listed on the SDAX segment of the German Stock Exchange, focuses on the acquisition of turnkey projects and projects ready for construction.
Dr Dierk Paskert from Encavis, has great faith in both Solgrid and solar power as a new energy source in the Nordic countries.
– We are very pleased with the first step of this new partnership with Solgrid on this portfolio of Swedish solar projects. This is in synergy with our growth strategy “Fast Forward to 2025”. Encavis is securing subsidy-free plants in Sweden, an underrated solar location in Europe. Adding solar to the mix at this time makes sense, says Dr Dierk Paskert, CEO of Encavis AG.