Wedoany.com Report-Nov. 23, European Energy has secured a solar park operations agreement with Heartland, taking responsibility for the Gedmose solar park near Holstebro, Denmark, starting January 2026. This marks the first time European Energy will manage a solar park it did not develop or own, broadening its operational reach in the renewable energy sector.

European Energy currently manages operations and engages in asset management for 4GW of renewable energy capacity.

The Gedmose solar park, owned by Heartland, was connected to the grid in 2021. At the time, it was Northern Europe’s largest solar facility, with a capacity of 207 MW. Located just outside Holstebro, the park generates enough electricity to supply over 50,000 households annually. Under this new agreement, European Energy will manage the daily operations of the park, expanding its portfolio of operational services.

Currently, European Energy manages and operates 4 GW of renewable energy capacity. The electricity produced by Gedmose is sold to several companies, including BESTSELLER, Normal, Nemlig.com, and Faerch, under power purchase agreements.

Heartland's communications head, Kasper Reggelsen, stated: "Gedmose solar park was established as part of our ambition to invest responsibly and with a long-term perspective in the green transition. In recent years, we have been reminded of the importance of a robust energy infrastructure that benefits everyone. We are pleased to gain a skilled partner to handle the day-to-day operations and ensure that the park continues to contribute efficiently to Denmark’s energy supply."

European Energy plans to expand its asset management and operations activities in Denmark and internationally. The company's Executive Vice President of Asset Management and Operations, Jacob Saust Jacobsen, highlighted that a key aspect of their strategic shift is offering operational services to third-party owners, not just parks developed by the company itself. "In recent years, we have also developed new technological solutions that enable us to optimise electricity production at a lower cost," said Jacobsen. "Our ambition is for asset management to become a significant revenue driver for the company, and this agreement marks an important step forward in that direction."

The deal with Heartland is part of European Energy’s ongoing expansion. The company recently sold a 50% stake in its Saldus project in Latvia to Sampension, a Danish pension fund.