European Energy Group divest Danish solar portfolio

European Energy Group has signed an agreement with Swiss asset manager 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.