Hydro Rein and GreenGo Energy extend partnership, plans to set up two early-stage solar projects in Denmark

Hydro Rein and GreenGo Energy are extending their current collaboration to create two additional early-stage solar projects in Denmark, totalling 410 MW. The two early-stage plants, with a yearly output capacity of 522 GWh, are in Jylland, Denmark.

A 114 MW project is planned to begin construction in 2025 and operations in early 2026, while a 296 MW project is expected to start construction in 2026 and operations in 2027. The projects will be wholly owned by Hydro Rein and built collaboratively by Hydro Rein and GreenGo Energy.

“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,” said Lisa Haukaas, Head of Sweden and Denmark in Hydro Rein.

Hydro Rein and GreenGo Energy are currently working together on a total of six projects. The firms formed a joint venture with CommerzReal in December 2022 to construct two further solar projects in Denmark with a combined capacity of 362 MW. Hydro Rein and GreenGo Energy announced two collaborative solar projects with a combined capacity of 118 MW in Southern Sweden in May 2023.

“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,” stated Karsten Nielsen, CEO of GreenGo Energy.