While the raising of capital in January was expected to bring in DKK 150 million, Nordic Solar succeeded in raising significantly more, in just three weeks, among its 120 investors, a third of whom will become new shareholders of the company.
Nordic Solar CEO, Nikolaj Holtet Hoff, welcomes the great interest in the company and its capital increase, which will be used to help Nordic Solar reach its ambitious growth targets:
“We are very pleased with the support for our raising of capital, which exceeded our expectations. In 2021 alone, we brought almost 250 new shareholders on board, and now we welcome even more shareholders who share our vision that solar energy is the green energy of the future. We have big ambitions for the future at Nordic Solar, and in 2021 we changed our business strategy to be ready to own and operate at least 1 gigawatt in 2025,” says CEO Nikolaj Holtet Hoff.
Focus on growth
A lot of capacity is needed. The current transition from fossil to green energy has created a vacuum that requires a significant and swift production capacity increase. The dramatically increasing need for solar energy results in a competitive demand for solar parks, which is why Nordic Solar, operating in ten countries across Europe, is focusing on building a solid pipeline of development and construction projects to ensure growth for the next five years.
The capacity of solar energy in Denmark is expected to grow by 47 per cent annually until 2025, and Nordic Solar is progressing favourably in terms of meeting these expectations. The company aims to triple production compared to 2021, which by then will be able to deliver sustainable green power to over half a million homes.
