Norwegian aluminium producer Norsk Hydro ASA said this week that it is adding to its partnership with GreenGo Energy by beginning the planning of development of 410 MW of new solar projects in Denmark.
The first two projects will consist of two projects in Jylland with an estimated total annual production of 522 GWh. Beginning in 2025 will be another project with an estimated total annual production of 114 MW, and the following year will see another project begin on a 296 MW solar power generating station.
All of the projects, which are expected to be online by 2027, will be owned by Hydro Rein and developed in collaboration with GreenGo Energy.
Lisa Haukaas, Head of Sweden and Denmark in Hydro Rein, said in a press release that her firm is looking forward to growing in the neighboring country.
“We are pleased to announce that we are increasing our presence in Denmark and strengthening our collaboration with GreenGo Energy, leveraging our competence, and gaining valuable synergies across the portfolio. Denmark has set a clear ambition to source 100 percent of its electricity from renewables by 2027. We are very happy to work together with the municipalities to contribute to that agenda.”
Karsten Nielsen, CEO of GreenGo Energy, noted the importance of this week’s agreement.
“This significant agreement concerning a 410 MW solar portfolio in Denmark marks our third partnership agreement with Hydro Rein. We are very pleased to see this expansion of our partnership with Hydro Rein to GW scale. With Hydro’s financial strength, experience in renewable investments and strong industrial presence in the Nordic power market we will together have a great and scalable platform.”
Norsk Hydro, which was founded in 1905, financed by the Swedish Wallenberg family and French banks, began its life named Norsk hydro-elektrisk Kvælstofaktieselskab (literally, “Norwegian hydro-electric nitrogen limited”) by Sam Eyde. The Norwegian government owns approximately 40% of the company at the present time. Norsk Hydro is one of the largest aluminium companies in the world, with plants in Rjukan, Raufoss, Vennesla, Karmøy, Høyanger, Årdal, Sunndalsøra, and Holmestrand. Norsk also has several plants abroad.