Luxcara and BeGreen to build 415 MW PV plants in Denmark

Hamburg-based investor Luxcara GmbH and Danish project developer BeGreen A/S have signed an agreement to install four solar power plants with a cumulative capacity of 415 MW. The plants are part of a portfolio managed by Luxcara for institutional investors. BeGreen will be responsible for both construction and technical operations management. Construction will start in 2021, completion is expected in 2023.
According to Philip Sander, managing director of Luxcara, the solar portfolio will be implemented without government subsidies. The electricity will be marketed through long-term power purchase agreements, he added.

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