It is a new era in the energy sector. The first solar parks to be competitive at market conditions without government subsidies for electricity prices have been built and financially strong forces are now poised to further accelerate the green transition.
“At the Danish Green Investment Fund, we are pleased that the new loan to Better Energy is helping support a green project that is delivering three results. The project contributes to the reduction of CO2 emissions and biodiversity, it creates societal returns with green jobs and green growth, and green energy is produced without subsidies. Since 2017, we have partnered with Better Energy, and with this agreement we are taking our partnership to a new level. Better Energy has proven that solar energy is commercial in all parameters, now it is a question of making solar energy evolve in Denmark, ”says Michael Zöllner, Managing Director of the Danish Green Investment Fund.
The Danish Green Investment Fund loan includes financing for Denmark’s first non-subsidy solar park at Næstved and financing for the growing portfolio of solar parks owned by Better Energy. The aim is to put the funding where it can have the greatest positive effect on Better Energy’s work to expand new solar power capacity.
“We are taking an important step forward with this agreement,” says Rasmus Lildholdt Kjær, CEO of Better Energy. “For several years, we have collaborated in the financing of Danish solar park projects. We focused on their commercialization and financial maturation. We have achieved this and today we can build solar parks without government subsidies and finance them with mortgages. With this new agreement, we are refining the funding with the Danish Green Investment Fund so that we can build even more new solar parks every year, ”says Rasmus Lildholdt Kjær and underlines that he will also be invested in biodiversity and the development of nature at the new solar parks.
Biodiversity and climate protection go hand in hand
The Næstved Solar Park helps meet Denmark’s climate and biodiversity goals, and it is carefully planned to adapt to the surrounding environment. Around the solar park are meadows, peat bogs and a lake classified by the local municipality as having a biodiversity of great value. Based on an in-depth local environmental study, eight different biodiversity impact points have also been incorporated into the solar park area to ensure that nature has the right conditions to spread and thrive.
“The climate crisis is important, but we are also in a biodiversity crisis. We must not forget this and the two crises must be solved at the same time ”, explains Rasmus Lildholdt Kjær and underlines that solar parks can contribute on both fronts.