First Encavis solar project from the 500MWp+ pipeline

Encavis AG starts construction on its first Danish solar park in Ringkøbing at the Danish Westcoast of the North Sea with a generation capacity of 12 megawatts (MWp) as part of the strategic development partnership with GreenGo Energy Group A/S. Ultramodern bifacial solar modules mounted on single-axis trackers will deliver subsidy-free Renewable Energy beginning in the second half of next year (2022) to an industrial offtaker via long-term power purchase agreement (PPA) of 10 years from this solar park.

„We are very happy to realise with the PV park Ringkøbing the first project of our more than 500 MW strong strategic development pipeline of PPA solar power plant projects with GreenGo in Denmark“, welcomes Dr Dierk Paskert, CEO of Encavis AG, the start of construction.

„We are pleased to now reach start of construction on the first zero subsidy solar park under the 500MWp+ partnership agreement with Encavis, an important milestone and testimony to our excellent co-operation“, says Karsten Nielsen, CEO of GreenGo Energy.

The 500MWp+ development portfolio acquired by Encavis, is structured to ensure sufficient risk mitigation through diversification across Denmark regarding grid connection and energy marketing.