Better Energy secures loan from the Danish Green Investment Fund to build third largest solar park in Denmark

With funding from Danish Green Investment Fund, Better Energy is constructing a 63-hectare solar park in Nees, West Jutland, Denmark.

Better Energy has secured funding from the Danish Green Investment Fund to build four solar parks which together will comprise Denmark’s third largest park.

The financing amounts to over €33 million (US$39.5 million) for the four projects with a total capacity of 51 MW.

The solar park in Nees will produce electricity corresponding to the consumption of approximately 11,000 Danish households. The construction phase is expected to be finished in November or December 2017.

Michael Zöllner, director of the Danish Green Investment Fund, said:

“Solar energy has the potential to become a major contributor to the renewable energy mix. The price of solar cell technology is markedly decreasing, and together with the development of more efficient battery capacity, this will lead to significant changes in our future energy supply. We want to help solar energy reach its potential."

Rasmus Kjær, co-founder and managing partner at Better Energy, said:

“There is a common misconception that Denmark is not suitable for solar energy, but solar cells are most efficient in clear sun at low temperatures, and solar radiation is quite high in areas such as West Jutland. Solar and wind energy complement each other perfectly because production is often inversely correlated."