Nordic Solar: new solar park in Portugal is ready

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Nordic Solar, the Danish energy company, is expanding its portfolio with a new solar park in Portugal.

Nordic Solar: promoting greener energy:

The solar park, Ínsua, covers 80 hectares in southeastern Portugal and will provide electricity to approximately 35,000 homes. In fact, the Iberian Peninsula has a high demand for solar energy.

This new solar park is Nordic Solar’s largest solar park to date. It is part of the Danish solar energy company’s ambitions. Namely to promote a greener and more environmentally friendly energy with 1 GWp by 2025.

Nordic Solar is expanding its portfolio with a new solar park in Portugal, which will be the largest in the company’s history. The solar park, located in the Alentejo region, will provide electricity to 35,000 homes. It will thus make a substantial contribution to the Portuguese solar energy market.

Nikolaj Holtet Hoff, CEO of Nordic Solar, states:

“Nordic Solar is determined to make green energy accessible to even more households in Europe. Portugal has set an ambitious goal to reduce its CO2 emissions by doubling its renewable energy production by 2030. Solar energy will play an important role in the transition of the country, which is one of the sunniest countries in Europe.

Exploiting every ray of sunlight

The solar park was developed and built by Chint Solar, a leading player in project development, financing, implementation and operation of solar parks. Although the sun is abundant in Portugal, the new solar park was designed with optimization in mind. It uses a single axis tracking system, which can follow the sun’s rays from sunrise to sunset:

“Ínsua is one of the first solar parks where we work so closely with a developer, in this case Chint Solar, during the creation of the park. The tracker technology allows us to harvest most of the sun’s rays, and this is an important signal to send to our shareholders and the local community in Portugal, which allows us to build an 80-hectare solar park,” explains Nikolaj Holtet Hoff, CEO.

In addition to working with Chint Solar on the Ínsua project, Nordic Solar will also cooperate with Our New Energy as advisors to the PPA, Axpo as a PPA partner and financial partner Banco Sabadel, S.A.

A growing demand for solar energy

Nordic Solar is ready to meet the growing demand for green energy by supplying 1 GWp by 2025. That’s three times more production than in 2021 and enough to supply half a million homes with sustainable energy.

Nordic Solar’s CEO concludes:

“We have grown significantly since Nordic Solar A/S was founded in 2010. With our 326 MWp of solar panel capacity across Europe, we are one of the 50 largest solar players in Europe. We are focused on new acquisitions and other opportunities for Nordic Solar A/S and our shareholders. Solar energy is more vital than ever.

In addition, Nordic Solar is committed to meeting the growing demand for solar energy in a sustainable manner.

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