Ultramodern bifacial solar modules mounted on fixed sub-structures or alternatively on single-axis trackers will deliver subsidy-free Renewable Energy, which is planned to be sold via long-term Power Purchase Agreements (PPAs) with reputable offtakers.
Furthermore, Solgrid and Encavis aim to jointly realise an additional pipeline of solar projects in Sweden and Norway. Solgrid and Encavis will establish a jointly owned company, in which Solgrid will hold 10% as a long-term participation. This company will take over ready-to-build PV projects and will secure project financing, construction, and operation & maintenance (O&M) services as well as the origination and structuring of long-term Power Purchase Agreements (PPAs).
“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 2025″. Encavis is securing subsidy-free plants in Sweden, an underrated solar location in Europe,” Dr Dierk Paskert, CEO of Encavis AG, highlighted Encavis' perspective on this growing market.
“We are proud of this new partnership with Encavis, a leading European IPP with an excellent track record. These agreements will strengthen our ambition of building 500 MWp of solar power plants in Sweden and Norway before 2025,” Kristin Melsnes, CEO of Solgrid AS, welcomed the first industry-scale cooperation for Solgrid.