New cost-competitive source of financing for solar energy

The renewable energy company, Better Energy and the Danish bank and mortgage credit company, Nykredit, have entered into a partnership to accelerate the construction of solar plants, financed by mortgage loans.

The model and  partnership ensures cost-competitive and long-term financing of the solar infrastructure projects, which is an important step when upscaling green solutions and reducing greenhouse gas emissions.

The first three Better Energy solar plants financed by mortgage loans from Nykredit supply the global bioscience company Chr. Hansen and the Danish capital Copenhagen with green energy. Better Energy will maintain ownership of two of the plants, whereas the third solar plant has been divested to the local Copenhagen utility company, HOFOR. The three solar plants combined have a capacity of 75 MWp and are expected to produce electricity equal to the annual electricity consumption of 19,000 Danish households.

About author

Since 2012, Better Energy is one of the fastest growing providers of solar power in Europe, with operations in Denmark, England, Germany, Poland, and Ukraine.

Primary contact
Medine Duvarci

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