News Article

Better Energy Secures 33 Million Euro Loan From The Danish Green Investment Fund


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

The solar park in Nees will be Denmark's third largest and will produce electricity corresponding to the consumption of approximately 11,000 Danish households

Denmark will soon be getting a new utility-scale solar park. Better Energy has secured funding from the Danish Green Investment Fund to build four solar parks in Nees in West Jutland, which together will comprise Denmark's third largest park. The financing amounts to over €33 million for the four projects.

When the park is completed, it will produce energy equivalent to the annual electricity consumption of 11,000 Danish households. It will occupy an area of 63 hectares and host 160,000 solar panels.

"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, "says Michael Zöllner, director of the Danish Green Investment Fund.Danish Green Investment Fund

The solar park in Nees is the latest sign that Denmark is becoming a solar country. The rapid technological development in the industry means that cool Danish weather is nevertheless suitable for solar energy.

"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," says Rasmus Kjær, co-founder and managing partner at Better Energy.

The Danish Green Investment Fund has the mandate to fund green transition projects so that they can be realized faster because the fund is less risk averse than traditional funding sources. The projects must be both green and commercially viable.

"We hope this project can help accelerate the development of solar energy in Denmark. In the Danish Green Investment Fund's pipeline, we see several projects that span the entire solar value. We would like to invite more players and financial parties to join in this development," says Michael Zöllner.

With funding from the Danish Green Investment Fund, Better Energy hopes to be able to attract more financiers in Denmark for future projects.

"In Better Energy, we have a fully integrated value chain in the development and construction of solar parks, which brings significant synergies and economies of scale. It not only strengthens our competitiveness but also enhances our ability to drive down the price of solar power. If we then combine this with mortgage credit financing for the plants, we have a huge potential for both cheap and green energy in Denmark," says Rasmus Kjær.

Better Energy is building the solar park, which will be connected to the electricity grid. The four solar parks are being constructed in parallel. The construction phase is expected to be finished in November or December 2017.

Electrons In The Fast Lane
Solar Generates Savings On Your Electricity Bill − Irrespective Of The COVID-19 Crisis
BYD Launches Battery-Box Premium LVS With Unparalleled Ease Of Use And Versatility For On- And Off-grid Installations
Researchers Make Fuel From Cubic SiC, Graphene And CO2
Ingeteam The First Central Inverter Manufacturer To Be Certified To NTS UE 2016-631
Van Der Valk Solar Systems And Eyecatcher BV Are Joining Hands!
REC Group Wins Prestigious Intersolar Award 2020 For Its Powerful Alpha Solar Panels
Meyer Burger Technology Ltd Aims To Transform Itself
REC Group Goes Virtual, Bringing Premium Solar Products
Princeton Chemists Discover More About Perovskite Instability
Tesvolt Wins Leading Innovation Prize For SMEs
Progress In Functional Roof Design: Photovoltaic In-roof System Combination
Vapour Fix Raises Perovskite Crystal Performance
RES And SNCF Energie Sign A CPPA For Nearly 40 Megawatts Of Renewable Energy In France
PI Berlin Introduces Deep Dive Quality Assessment For Lithium-ion Battery Production
Record Efficiency For Printed Perovskite Solar Cells
REC Group Rejects Decision By The Düsseldorf Regional Court On Alleged Patent Infringement Regarding TwinPeak Solar Cells
Energeo Boosts Council’s Climate Emergency Plans
Alectris Partners With Resco For All-in-one Mobile Solar O&M Tracking
Solar Arrays To Be Installed For General Dynamics Ordnance And Tactical Systems
Midsummer Solar Panels Are Ten Times Better For The Environment
Eversheds Sutherland Advises On Europe’s Largest Floating Solar Project
EnergyHub Partners With Vivint Solar To Expand Availability Of Residential Batteries As Utility Resources
US International Trade Commission Issues Final Determination Confirming No Infringement Of Hanwha Q-Cells Patent By REC Group

Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: