European Energy expands into U.S. solar energy market

European Energy

The danish developer, European Energy, will develop a solar energy farm in the state of Texas, with which will formally enter into the renewable energy market in the United States. The solar farm will locate itself in a land of 1,276 acres that European Energy is buying in the state.

Firstly, the land that European Energy is acquiring previously served for oil and gas extraction activities, as well as a cattle ranch. However, the company will transform it into a renewable energy facility. Specifically, the site is in Hood, Sommervell and Johnston County, southwest of Dallas.

Secondly, the solar complex to be developed in the site will be connected to the state’s grid. The company expects to start the construction phase in the first half of 2022 and expects the solar farm to be connected to the electricity grid in 2023.

Moreover, in regards to this Texas project, Knud Erik Andersen, CEO of European Energy, said. “Because of the new political winds in the US, we see a massive need for green energy in the US; also, Texas has recently been significantly challenged on security of supply.”

He also remarked. “The solar farm will be optimally located in relation to providing green energy to the citizens of Texas.”

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European Energy with partership for more solar developments in the states

On the other hand, the danish company is also partnering with Renewable Energy International, an American developer of renewable energy with office in Florida, to start developing solar power projects on the East Coast of the United States.

In addition, both companies will build several photovoltaic systems. In fact, there are currently three solar projects under developments; specifically in the states of Maine, Massachusetts, Virginia and South Carolina. They amount a total output of 450 MW.

Moreover, Erik Andersen said. “We have long wanted to enter the American market for green energy; therefore, we have been looking to find the right local partner. Renewable Energy International offers the right mix of competencies; experience that fits well with our need to be able to realize projects across several American states.”

Finally, Jeff Potter, CEO of Renewable Energy International, said. “Our company is very pleased to work with European Energy to expand our US development pipeline. At European Energy, we have found a partner who shares our belief in the long-term value of solar power generation; also developed responsibly and with our environment at heart.”

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