European Energy secures financing for UK solar and BESS project

Type: Financing · Technology: Solar · Country: United Kingdom · Capacity: 68 MW · Value: GBP 58.1M · Announced: 2026-08-11

European Energy has secured £58.1 million in construction financing from Danske Bank for the Indian Queens hybrid renewable energy project in Cornwall, UK. The project combines a 68 MW solar park with a 47.5 MW / 95 MWh battery energy storage system using a shared grid connection. Construction is underway, with commercial operations expected to commence in 2027. The project is also supported by a corporate power purchase agreement and a Capacity Market Contract. European Energy's Deputy CEO, Jens Peter Zink, highlighted the importance of hybrid projects in the renewable energy market. Danske Bank's Senior Banker, Jakob Hjørngaard, expressed the bank's commitment to the renewable energy market and its ambition to support Nordic clients expanding beyond Scandinavia. The financing transaction underlines Danske Bank's role in supporting the growth of renewable energy projects in the UK.

Analysis

European Energy has secured £58.1 million in construction financing from Danske Bank for the 68 MW Indian Queens hybrid renewable energy project in Cornwall, UK. European Energy is a renewable energy company focused on developing, constructing, and operating solar, onshore wind, offshore wind, Power-to-X, battery storage, and carbon capture projects. Danske Bank provided the financing, with construction underway and commercial operations expected to commence in 2027. The project combines a 68 MW solar park with a 47.5 MW / 95 MWh battery energy storage system using a shared grid connection. The project is also supported by a corporate power purchase agreement and a Capacity Market Contract.

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