European Energy has entered into a solar park operations agreement with Heartland, assuming responsibility for Gedmose solar park near Holstebro, Denmark, from January 2026.
This move marks the first time European Energy will operate a solar park it has not developed or owned, expanding its portfolio of operational activities within renewable energy.
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The Gedmose solar park, owned by Heartland, was connected to the grid in 2021 and was Northern Europe’s largest at the time, with a capacity of 207MW.
Situated just outside Holstebro, the facility generates enough electricity to supply more than 50,000 households annually.
Under the new agreement, European Energy will further diversify its operational services.
The company currently is engaged in operational and asset management for 4GW of renewable energy capacity.
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By GlobalDataElectricity produced by the Gedmose solar park is sold to BESTSELLER, Normal, Nemlig.com, and Faerch under a power purchase agreement.
Heartland communications head Kasper Reggelsen said: “Gedmose solar park was established as part of our ambition to invest responsibly and with a long-term perspective in the green transition.
“In recent years, we have been reminded of the importance of a robust energy infrastructure that benefits everyone. We are pleased to gain a skilled partner to handle the day-to-day operations and ensure that the park continues to contribute efficiently to Denmark’s energy supply.”
European Energy plans to further expand its asset management and operations activities both in Denmark and across international markets.
European Energy asset management and operations EVP Jacob Saust Jacobsen said: “A key part of our strategic shift in asset management has been to offer our services to third-party owners – not only to the parks we develop ourselves.
“In recent years, we have also developed new technological solutions that enable us to optimise electricity production at a lower cost. Our ambition is for asset management to become a significant revenue driver for the company, and this agreement marks an important step forward in that direction.
“We therefore look forward to taking over the operations of Gedmose solar park and providing the owners with a stable and efficient partner.”
Last month, European Energy agreed to sell a 50% stake in its Saldus project in Latvia to Sampension, a Danish pension fund.
