Vattenfall reserves €100 million for new solar projects

Vattenfall has announced plans to invest up to €100 million (US$123.2 million) in developing solar plants over the next two years.

That investment will predominantly be made into utility-scale plants where existing infrastructure can be used to reduce costs, however the Swedish state-owned utility also wants to provide small-scale solar generation for private and business customers.

Of particular interest to Vattenfall is the potential co-location of new solar projects alongside existing wind farms. In 2016 the firm completed a 5MW ground-mount solar farm at the site of its Parc Cynog wind project in Wales with the two generators sharing a single grid connection.


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