European Energy Secures EUR 64.5M Financing for Denmark's Kvosted Hybrid Solar-Plus-Storage Park

By Global Infrastructure Sherpa · Feb 11, 2026

Financing SolarStorageHybridBattery StorageSolar Pv closed Viborg Municipality, Denmark

USD64.5M

Deal Value

150 MW

Capacity

operating

Stage

Kvosted hybrid solar and battery park

Project

European Energy has finalized EUR 64.5 million in long-term financing for the Kvosted hybrid solar and battery park in Viborg Municipality, Denmark. The financing, provided by Ringkjøbing Landbobank and the Nordic Investment Bank (NIB) with backing from the EU’s InvestEU programme, will ensure the continued operation of the 100 MW solar park combined with a 50 MW/200 MWh battery energy storage system. This project reduces risks linked to curtailment and market price fluctuations, creating a more stable and diversified revenue profile. The hybrid facility was officially inaugurated in February 2026.

Deal Analysis

European Energy secured EUR 64.5 million in long-term financing from Ringkjøbing Landbobank and the Nordic Investment Bank (NIB), with backing from the EU’s InvestEU programme, for the Kvosted hybrid solar and battery park in Viborg Municipality, Denmark. This financing supports the continued operation of the 100 MW solar park integrated with a 50 MW/200 MWh battery energy storage system. The hybrid configuration is designed to mitigate risks associated with curtailment and market price volatility, thereby enhancing revenue stability and diversification for the project. The Kvosted park was inaugurated in February 2026. The deal highlights the growing trend of integrating battery storage with renewable energy projects to improve grid stability and project economics. The involvement of established financial institutions like Ringkjøbing Landbobank and NIB, along with the EU's InvestEU program, underscores the increasing confidence in hybrid renewable energy projects as viable investments. This financing arrangement demonstrates a commitment to supporting innovative energy solutions that contribute to a more sustainable and resilient energy infrastructure in Europe.

EUR 64.5 million financing secured for a 100 MW solar park combined with a 50 MW/200 MWh battery energy storage system.
Financing provided by Ringkjøbing Landbobank and the Nordic Investment Bank (NIB), with backing from the EU’s InvestEU programme.
The project aims to reduce risks linked to curtailment and market price fluctuations through battery storage.
European Energy, a renewable energy developer, is the project developer.

Market Context: The deal occurs within the context of increasing demand for renewable energy and energy storage solutions in Europe, driven by climate change concerns and energy security considerations. Hybrid projects combining solar and battery storage are gaining traction as a means to enhance grid stability and improve the economic viability of renewable energy assets.