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Nordic Solar acquires Gotland’s first large-scale solar park from Helios Nordic Energy AB

Nordic Solar has acquired a 40-MWp ready-to-build solar park project from Swedish renewable energy developer Helios Nordic Energy AB; the first large-scale project on the Swedish island of Gotland. The project is part of the 270-MWp pipeline, to be developed in cooperation with Helios Nordic Energy AB, which Nordic Solar plans to construct [...]

By |February 23rd, 2024|Tags: , |

Nordic Solar initiates construction of its first solar park in Sweden

Nordic Solar initiates the construction of the company's first solar park in Sweden. Located near Lindesberg in southern Sweden, the project has a capacity of 22 MWp, which corresponds to supplying electricity to approx. 7,000 European households. Lindesberg solar park is the first construction launched by Nordic Solar in a series of projects to [...]

By |February 1st, 2024|Tags: , |

Nordic Solar sells Italian solar plant, thus completing its first strategic divestment

Nordic Solar has executed its first strategic divestment of a portfolio of the company's photovoltaic (PV) plants. The Danish solar energy company Nordic Solar has executed its first strategic divestment of a portfolio of the company's photovoltaic (PV) plants. With this first disposal, Nordic Solar sets a new direction for the company, in [...]

By |January 17th, 2024|Tags: , |

Nordic Solar publishes interim financial statements for the third quarter

In Q3, the company generated revenue of EUR 21.2 million and a net profit of EUR 5.1 million. Despite increasing the capacity of its operational portfolio by 20 per cent on an annual basis, this was not sufficient to offset the impact of significantly lower electricity prices, coupled with the extraordinarily high prices in the third quarter of 2022. The company achieved considerable progress of over 900 percent for its projects under construction and has added significant strategic elements to its business strategy to support future growth. Nordic Solar is at the same time narrowing its financial outlook for the year.

By |November 29th, 2023|Tags: , |

Nordic Solar is now a member of SolarPower Europe.

Nordic Solar is now a member of Solar Power Europe. Nordic Solar has become a member of the European industry organization, SolarPower Europe. SolarPower Europe has more than 300 members spanning the solar energy sector across over 40 different countries. The mission of this European industry organization is to make solar energy [...]

By |September 22nd, 2023|Tags: |

Increased electricity production but declining electricity prices generated lower revenue in the second quarter of 2023. Outlook for the full year of 2023 is adjusted downwards

Nordic Solar publishes interim financial statements for the second quarter of 2023: Increased electricity production but declining electricity prices generated lower revenue in the second quarter of 2023. Outlook for the full year of 2023 is adjusted downwards Despite increasing electricity production, Nordic Solar has recorded a revenue decline in the second quarter of [...]

By |September 7th, 2023|Tags: , |
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