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A new partnership between Novo Holdings, Sampension and European Energy has been established with the intention to buy land for the construction of solar and wind farms in Denmark and Sweden.
 
The three partners will provide DKK 650 million (approximately € 87 million) with the possibility of investments of up to DKK 1.5 billion (approximately € 200 million) through debt financing. European Energy will handle the development of the solar and wind farms on the acquired areas. The new partnership will purchase agricultural land that is suitable for renewable energy plants. Furthermore, the partnership will explore opportunities to combine food production and energy production as well as convert lowland soils to green energy production.
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