GreenGo partners with ENCAVIS AG on a 500 MW+ solar portfolio in Denmark
Kromann Reumert has advised solar developer GreenGo Energy A/S in entering into a partnership with the German-based independent power producer Encavis AG concerning financing of a 500 MW+ portfolio of utility scale subsidy-free solar projects in Denmark.
The parties have co-created an innovative full cycle partnership model where Encavis will acquire projects early on and ensure financing through to COD, and where the parties are aligned on fully optimizing the project portfolio throughout the development and construction execution cycle.
The 500MW+ portfolio is structured to ensure sufficient risk mitigation through diversification across Denmark. The lead project has already obtained zoning approval and a building permit from the Municipality of Ringkøbing Skjern and is planned to commence construction this year.
For more information, see GreenGo's press release
and Encavis' press release