Greengo Energy Group A/S

06/13/2024 | Press release | Distributed by Public on 06/13/2024 00:25

GreenGo Energy and Doral Energy break ground on 60 MWp solar park in Denmark

GreenGo Energy and Doral Energy break ground on 60 MWp solar park in Denmark

Jun 13

GreenGo Energy and Doral Energy are excited to see the construction of Project M110, a 60 MWp solar park in Urup, Denmark taking place. Once operational, the park will have an annual production of 75.5 GWh which is equivalent to green electricity for +18,800 Danish households. It will also help save about 8,800 tons of CO2 annually from the Danish energy production. The solar park will be grid connected through 2024.

The solar park has been designed with a focus on optimising the production of renewable energy. It will be established with a tracker system allowing the panels to follow the movement of the sun, which in turn helps optimise energy production. In addition, greenbelts will be established in and around the park to make the park blend with nature and to minimise the visual impact on the surroundings.

The project was acquired from GreenGo Energy by Doral Energy in 2021, and the Final Investment Decision (FID) has now been taken after successful completion of development. GreenGo Energy have completed the full engineering and procurement for the project and will continue as EPC Manager throughout the construction process, which is carried out by Sunotec and ELTEL (EPC for the High Voltage substation).

This project is the first project to reach construction in our 360 MW portfolio with Doral Energy.

Yaki Noyman, CEO of Doral Energy comments on the perspectives:

"We are excited to see our first solar park in Denmark, out of many to come, being constructed. This project is especially exciting due to the capacity and the possibility to apply the latest in solar PV technology to maximise yield. We appreciate our strong partnership with GreenGo Energy, the local landowners, and other stakeholders on this project."

Karsten Nielsen, Founder and CEO at GreenGo Energy continues:

"We are thrilled to see the construction of the Mermaid M110 solar park in Urup well under way, with grid connection and first power already this year! This is yet another solar park which will help Denmark and the world in the green transition. We view Doral Energy as a long-term growth partner which shares our values and ambitions of accelerating the energy transition."

About Doral Energy
Doral Group is a global renewable energy leader, holding hundreds of long-term revenue-generating renewable energy assets. Doral Group is a publicly traded company on the Tel Aviv Stock Exchange in Israel and is active, inter alia, in Israel, Europe, and the United States. Doral Group is also emerging as a worldwide leader in the field of solar + storage solutions. Its global project backlog is about 17.1 GW (DC) of solar projects and 14.6 GWh of storage.

Further information on the Company can be found at www.doral-energy.com

About GreenGo Energy Group A/S:
GreenGo Energy was founded in 2011 with the vision to accelerate the conversion to renewable energy generation, by an innovative and scalable business model. GreenGo Energy's 360-degree full services platform includes project origination, investment structuring, development, offtake, EPC management and asset management services, fully tailored and bespoke to our client's needs and their investment profile.

GreenGo Energy has 27 GW of solar, wind, BESS and Megaton PtX projects in various stages of development and construction in nine U.S. states, Europe and Africa/MENA, of which more than 6 GW has been contracted through partnership framework agreements with Tier-1 investors in the renewable space.

GreenGo Energy is headquartered in Denmark, with over 125 employees serving customers worldwide.