The establishment of Better Energy Management A/S is to ensure a more stable and sustainable operation in a time of economic pressure and changing market conditions. The parent company is working on its reconstruction in parallel. Better Energy writes in a press release.
- Re-creating sustainable operations with the establishment of Better Energy Management A/S has only been possible due to the patience and support that customers, suppliers, lenders and other stakeholders have shown. A special thank you goes to all the many employees who have delivered an enormous and absolutely decisive effort over the past many months, says CEO of Better Energy Rasmus Lildholdt Kjær, who is CEO of Better Energy.
The new company, which has around 100 employees, will function as a management company and provide services within asset management, EPC management and project development. Asset management includes operation and maintenance of solar parks, handling of electricity sales and management of the project companies. The total portfolio amounts to almost 2 GWp of solar energy capacity.
EPC management includes construction activities, primarily on ongoing solar cell projects, but also future projects with battery solutions.
Better Energy continues to work with a portfolio of approximately 30 solar cell projects in Denmark, which are located in separate project companies outside the reconstruction. The focus is now on the development of the most relevant projects in collaboration with landowners, municipalities and grid operators.
- On the one hand, it is about not delivering a short-term oversupply of green electricity in the current market situation, but on the other hand, helping to ensure that there is sufficient green electricity to produce in the future when the electrification of society is expected to pick up again, says Rasmus Lildholdt Kjær.
The establishment of Better Energy Management A/S is part of a financial strategy in which the company is adapting its structure and selling off selected assets. The management company must ensure stability in relation to customers, banks and investors while contributing to the reconstruction process.
- We firmly believe in the long-term financial sustainability of Better Energy and its significant role in driving Denmark's transformation to renewable energy. The establishment of Better Energy Management A/S is a crucial and positive step towards ensuring stability while ensuring that key renewable energy projects continue to be managed. As a financial partner, we will continue to cooperate with other stakeholders with a view to Better Energy achieving its strategic goals and strengthening its leadership within sustainable energy solutions, says Anders Thelin, Chairman of the Board of Directors of P Capital Partners.
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