European Energy Group has signed an agreement with re:cap for the sale of a portfolio of Danish solar PV farms with a combined capacity of 70MW. The portfolio of eight solar farms was constructed and grid connect earlier this year.
Knud Erik Andersen, CEO of European Energy, said: "We are excited to have signed the agreement for the sale of the Danish solar PV portfolio. This our second transaction with re:cap and we have come to appreciate their attitude and professionalism. I hope we can build on our relationship in the future."
Thomas Seibel, CEO of re:cap global investors, said: "Denmark is a world leading country in renewable energy production and the acquisition of this solar PV portfolio is the perfect ending of a successful year for us. We hope that 2019 will bring even more opportunities to deepen our collaboration with the European Energy Group."
European Energy Group owns 100% of the solar farms sold which are located in Bornholm, Lolland, Falster, Hjørring, Læsø and Holbæk.