Nordic Solar Expands Renewable Energy Portfolio with Major Solar Park in Portugal
Nordic Solar, a Danish energy company, is enhancing its energy portfolio by establishing a solar power facility spanning 80 hectares. This solar park, named Ínsua, is situated in the Alentejo region of southeastern Portugal and is poised to provide clean energy to 35,000 households.
Nordic Solar is committed to broadening the accessibility of green energy for more households throughout Europe. They take pride in the substantial, positive impact that the new Ínsua solar park will bring to Portugal. The country aims to significantly reduce its CO2 emissions by doubling its renewable energy production by 2030. Given Portugal’s high levels of sunshine, solar power is set to play a critical role in this transition.
Nikolaj Holtet Hoff, CEO of Nordic Solar, remarked on the importance of these developments.
The development and construction of the Ínsua solar park were carried out by Nordic Solar’s project partner, Chint Solar, with a focus on optimization from the beginning. The park employs a single-axis tracking system that follows the sun’s movements, maximizing the absorption of sunlight and increasing electricity generation.
Based in Copenhagen, Denmark, Nordic Solar was established with the goal of developing, constructing, and operating large-scale solar parks across Europe.
Since its inception in 2010, Nordic Solar A/S has witnessed significant growth. With a capacity of 326 MWp in solar panels distributed across Europe, the company ranks among the top 50 solar energy providers in the continent. Ongoing exploration of new acquisition opportunities and partnerships continues to be a priority for both the company and its stakeholders. The importance of solar energy today cannot be overstated, according to CEO Nikolaj Holtet Hoff.
The Ínsua solar park marks Nordic Solar’s largest installation to date, contributing to the company’s ambitious objective of achieving 1 GWp of solar capacity by 2025.
To support the execution of the project’s power purchase agreements (PPAs), Nordic Solar will collaborate with Our New Energy as an adviser, partner with Axpo, and work alongside financial partner Banco Sabadell, S.A.