Better Energy is a solar energy development company based in Denmark. The company builds solar systems that deliver affordable, reliable, clean energy to homeowners, businesses, agriculture, government and utility customers. To finance these systems, Better Energy invests jointly with project finance banks and equity partners and issues sustainable bonds.
Better Energy manages all the critical areas of a solar system lifecycle, from planning and design to financing, procurement, construction, operations, and maintenance.
Centrica Energy Trading enters into a 10-year renewable power purchase agreement with Better Energy for a total of 112 GWh per year. Centrica will offtake power from two new solar parks and add new green energy to the European power grid.
A new partnership between the Danish pension fund Industriens Pension and Better Energy means that more than 400,000 Danes will now become co-owners of new solar parks in Denmark, and probably Poland as well. The total investment amounts to close to DKK 4 billion, making it the largest Danish solar investment to date and a breakthrough for the solar market in Denmark.
In Vordingborg Municipality, Better Energy is establishing a new pilot project to demonstrate how future solar parks can be built on restored wetlands. This will allow a double effect on CO2 reductions by producing green energy and restoring carbon-rich lowland areas to wetlands.
The partnership between the Danish Green Investment Fund and Better Energy is now further strengthened. A significant three-figure million DKK loan will accelerate the expansion of green energy capacity and the displacement of fossil fuels. This loan is also the first from the Danish Green Investment Fund under Denmark’s Green Future Fund.
The new solar plant has a capacity of over 200 MW with a total electricity production corresponding to the energy consumption of approximately 127,000 Danes. The solar plant is in Holstebro Municipality, where there are about 59,000 residents.
A new green partnership between Better Energy and Nykredit will accelerate the green transition by introducing Danish solar plants to the classic Danish mortgage model. This is the first time in Denmark that solar plants are financed by mortgage loans.
New biodiversity blueprints are the way forward for Danish renewable energy company Better Energy. Together with the Danish business and biodiversity specialist Habitats, Better Energy is developing new project-level landscaping schemes for solar plants that will create stepping stones for biodiversity.
To achieve the global ambitions for a green transition, large sums of finance are needed. This white paper features ideas and solutions for how to achieve the goals and it is meant to serve as an inspiration for everyone involved in the green economy.