European Energy will assume operational responsibility for Heartland A/S's Gedmose solar park near Holstebro starting January 1, 2026, marking the company's first operations agreement for a solar facility it neither developed nor owns. The 207 MW solar park, which was the largest in Northern Europe when connected to the grid in 2021, produces electricity equivalent to the annual consumption of over 50,000 households.

Operations Agreement Details

The agreement represents a strategic expansion for European Energy, which currently manages operations and asset management for 4 GW of renewable energy capacity. This marks the first time the Copenhagen-based company has taken on operations of a third-party-owned solar installation that it did not develop internally.

Jacob Saust Johansen, EVP for Asset Management & Operations at European Energy, stated that the agreement represents an important step in the company's strategic shift toward offering services to third-party owners beyond their own developed parks. The company has developed new technological solutions in recent years that enable lower-cost optimization of electricity production, with asset management poised to become a significant revenue driver.

Solar Park Specifications and Power Purchase Agreement

The Gedmose solar park is located just outside Holstebro and generates electricity through a power purchase agreement with multiple companies, including BESTSELLER, Normal, Nemlig.com, and Faerch. The facility's 207 MW capacity generates sufficient electricity to meet the annual consumption requirements of more than 50,000 households.

Heartland A/S established the solar park as part of their long-term investment strategy in renewable energy and the green transition. Kasper Reggelsen, Head of Communications at HEARTLAND, emphasized that the solar park was created with the ambition to invest responsibly with a long-term perspective in the green transition, noting the importance of robust energy infrastructure that benefits everyone.

Technical Capabilities and Future Expansion

European Energy has made targeted investments in recent years to strengthen its expertise in asset management and operation of renewable energy assets. The company has developed specialized technical and digital competencies focused on advanced data tools and real-time analysis, enabling the identification of improvement opportunities and reducing downtime.

The company plans to further expand its asset management and operations activities in the coming years, both in Denmark and internationally, as part of its ambition to offer a comprehensive service portfolio covering the entire renewable energy value chain. This expansion includes services for solar and battery energy storage systems (BESS) as part of their full-value-chain renewable energy strategy.

Company Background and Global Presence

European Energy, founded in 2004, develops, constructs, finances, and operates renewable energy projects, including wind and solar farms, as well as Power-to-X solutions and battery storage. The company has expanded its development activities to 25 countries and maintains a pipeline of approximately 65 GW of renewable energy projects as of 2025.

Headquartered in Copenhagen, European Energy operates globally with activities centered in Europe but extending to North and South America, and Australia. The operations agreement for Gedmose Solar Park strengthens the company's operational portfolio in renewable energy and supports its strategic expansion into third-party asset management services.

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