European Energy will use 121 MW modules it bought from Risen Energy for its projects in Italy and Denmark with the latter using bifacial modules. Pictured is the Changzhou, China located production facility of Risen Energy. (Photo Credit: Risen Energy/European Energy A/S)
- European Energy of Denmark has placed an order for 121 MW of solar modules for its projects in Denmark and Italy
- Risen Energy of China will supply its 375 W high-efficiency mono PERC bifacial dual-glass modules for projects to be located near Thisted and at Mors in Denmark
- The Chinese company will also deliver 370 W high-efficiency mono PERC modules for European Energy’s 64 MW Project in Apulia, Italy
- Total module order is for over 300,000 solar panels with a value of over DKK 250 million ($38 million)
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Denmark based renewable energy company European Energy A/S has placed an order for 121 MW of solar PV modules with Chinese module maker Risen Energy for its projects in Italy and Denmark. The order comprises 375 W high-efficiency mono PERC bifacial dual-glass modules for the company’s projects in Denmark.
The Chinese company will deliver its 370 W high-efficiency mono PERC modules for European Energy’s 64 MW project in Apulia, Italy. While the companies do not specify the capacity for bifacial modules to be used for the projects near Thisted and at Mors in Denmark, these should most likely add up to 57 MW.
In all, the order is for more than 300,000 panels with a value of over DKK 250 million ($38 million) to be delivered within 2019. Risen Energy said the cooperation with European Energy extends Risen’s presence in the Italian and Danish markets.
In December 2018, European Energy signed an agreement to sell its 8 Denmark based solar PV farms to Swiss asset manager Re:Cap (see Swiss Asset Manager To Acquire 70 MW PV In Denmark).
As per European Energy’s website, it has constructed over 780 MW wind and solar power capacity that corresponds to the electricity consumption of over 300,000 Danish homes.
On June 16, European Energy announced that it closed the book on a new green bond at 140 million EUR at 5.35% interest. The bond was oversubscribed with requests for 296 EUR million. Part of the proceeds will be used to fund new green projects, according to the company, while the remaining proceeds will be used for an early redemption of the its outstanding 2021 Bonds. European Energy’s outstanding bond is at 85 EUR million.