Greenfield
The Company is advancing a large-scale onshore greenfield portfolio consisting of solar, battery and data centre projects in the UK, Germany and France. It is also progressing small- and mid-scale greenfield projects in the Nordics. The projects are driven by experienced teams with a proven track-record in project origination and development in these markets. Project realisation depends on several factors, such as permitting, fulfilment of projects milestones and commercial viability.
The Company has a dynamic approach to creating value from its portfolio and seeks to explore options to divest projects throughout the value chain, subject to market conditions. For the largest projects, the strategy is to divest before significant construction costs are incurred.
Germany, UK and France
Since launching its large-scale greenfield business in 2023, the Company has established a platform for growth with a multi-GW greenfield pipeline of solar, battery storage and data centre projects across the UK, Germany, and France. With experienced development teams in place, the Company has now started to monetise its pipeline, advancing projects to more mature stages and targeting multiple sales processes per year from this platform.
- Entered into agreements to sell over 300 MW of Agri-PV projects in 2025 for up to 18 MEUR1
- De-risked agri-PV portfolio positioned for near-term divestments; 280 MW with municipal approval, of which 90 MW has also secured binding grid (RtP), and 1,030 MW of additional projects with land reserved and grid available advancing towards RtP
1Subject to the achievement of predefined milestones
- 6 large-scale projects of 2.9 GW at RtP with land and grid secured (split between 1.8 GW solar projects and 1.1 GW data centres)
- Final connection details expected in 2H 2026
- Divestments explored, timing pending connection details
- Multi-GW pipeline of additional solar and battery projects with land secured, positioned for future grid application windows
- Secured first land rights and accelerating efforts to acquire additional land
- Advancing initial projects towards the ready-to-permit milestone
Nordics
In the Nordics, the Company is progressing a range of stand-alone and co-located project opportunities with an estimated total capacity of around 1 GW, ranging from early-stage projects in the screening phase, through to projects with construction permits in place moving towards investment decisions. This allows the Company to organically grow its portfolio, optimise power generation and crystalise further value from its operational assets, which includes projects aimed at extending asset lifetimes, re-powering and consolidation of ownership.