Nordic Solar Energy
Nordic Solar Energy (Nordic Solar A/S) is a Danish vertically integrated developer, EPC contractor and operator of utility-scale solar PV parks and Battery Energy Storage Systems across 13 European countries, commercializing output via long-term PPAs to industrial and corporate offtakers and via regulated support schemes.
- Company typePrivate
- Founded2010
- HeadquartersHellerup, Denmark
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Nordic Solar Energy does
Nordic Solar Energy (legally Nordic Solar A/S, CVR 33367023) is a privately held Danish solar energy company founded in 2010 and headquartered in Hellerup, Denmark. It operates as a vertically integrated developer, EPC contractor and long-term operator of utility-scale solar photovoltaic (PV) parks and Battery Energy Storage Systems (BESS) across 13 European countries, including Denmark, Sweden, Germany, Lithuania, Spain and Ireland. The company combines greenfield project origination, in-house construction capability, and proprietary operational technology — most notably a European-patented steel substructure optimized for bifacial modules — supported by an Ignition (Inductive Automation) SCADA platform running on Azure cloud infrastructure that handles real-time telemetry, performance analysis and asset management across the portfolio.
The company's offering spans the full lifecycle: Solar PV Development, in-house EPC, Operations & Maintenance, BESS (both standalone and co-located), and Power Purchase Agreements (PPAs) of typically 10–11 years at fixed electricity prices. As of Q1 2026 the portfolio comprised 754 MW of solar PV and BESS in operation, 1,709 MWp of solar PV and 1,163 MW of BESS in development, and 187 MW under construction, with Q1 2026 power production of 82 GWh. It commercializes electricity through long-term corporate PPAs (e.g., with Fuzion, Fipros, EWII and Skjern Paper), grid feed-in tariffs, regulatory support schemes such as the Irish Renewable Electricity Support Scheme (RESS) 15-year Contracts for Difference, and selective asset divestments designed to recycle capital into the next development wave.
Nordic Solar runs an enterprise sales-led go-to-market: direct negotiations with industrial and corporate offtakers for PPAs, augmented by partner channels such as EWII (intermediary), Our New Energy (advisory) and Our New Energy-style brokers, alongside strategic co-development partners across each country (Helios Nordic in Sweden, Elecnor in Spain, GreenGo Energy in Denmark, NewDev in Germany). Headcount stood at 108 in Q1 2026, supported by a EUR 300m EIG flexible credit facility secured in July 2023.
Nordic Solar Energy firmographics
Firmographics- Name
- Nordic Solar Energy
- Legal name
- Nordic Solar A/S
- Website
- https://nordicsolar.eu
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Nordic Solar Energy (Nordic Solar A/S) is a Danish vertically integrated developer, EPC contractor and operator of utility-scale solar PV parks and Battery Energy Storage Systems across 13 European countries, commercializing output via long-term PPAs to industrial and corporate offtakers and via regulated support schemes.
- Ownership category
- akta.pro rank
Nordic Solar Energy industry classification
Industry- Product category
- Utility-Scale Solar Energy
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
- akta.pro secondary industries
- Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)
Keywords
Where Nordic Solar Energy is headquartered
LocationHeadquarters
- HQ city
- Hellerup
- HQ country
- Denmark
- HQ region
- Europe
Offices1 record
Markets served
Nordic Solar Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Solar Energy Production and Sale: Nordic Solar develops, constructs, and operates utility-scale solar parks across Europe. Revenue is generated through the sale of electricity produced by operational solar parks. Projects typically secure EEG feed-in tariffs or PPAs for revenue certainty.
- Power Purchase Agreements (PPAs): Long-term electricity supply agreements with corporate buyers, typically 10+ years at fixed prices. PPAs provide revenue stability and enable companies to demonstrate commitment to energy transition.
- Battery Energy Storage Systems (BESS): Revenue generated through co-located BESS projects that store excess solar energy and provide grid stability services. BESS supports electricity market interactions, frequency regulation, and enables more efficient use of existing grid infrastructure.
- Asset Divestment: Nordic Solar divests operational solar parks to create value and recirculate capital for new development and construction projects. This is part of their growth strategy for building a world-class project pipeline.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Power Purchase Agreement (PPA) - Enterprise |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Nordic Solar Energy product offering
Product offeringCore offering
Nordic Solar Energy develops, constructs, and operates utility-scale solar photovoltaic (PV) parks and Battery Energy Storage Systems (BESS) across 13 European countries. It operates across the full solar value chain from greenfield development through in-house EPC construction to asset operations and maintenance, and commercializes energy output through long-term Power Purchase Agreements (PPAs) with enterprise and industrial buyers while periodically divesting operational assets to recycle capital.
Product overview
Nordic Solar Energy operates as a vertically integrated solar energy and battery storage company offering a full value chain from greenfield development through construction to operation of utility-scale solar PV parks and Battery Energy Storage Systems (BESS). Its core portfolio spans three interconnected offerings: Solar PV Development, EPC (Engineering, Procurement, and Construction), and Operations & Maintenance — all managed through in-house teams. The company recently expanded into BESS as a strategic complement to solar, with both standalone storage facilities and co-located solar-plus-storage projects. A proprietary patented steel substructure optimizes bifacial module performance across its projects. Nordic Solar commercializes its solar parks through Power Purchase Agreements (PPAs) with corporate offtakers and periodically divests operational assets to recycle capital into new development. The company operates across 13 European countries.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility-Scale Solar PV Park Development End-to-end greenfield development of utility-scale solar photovoltaic (PV) parks across European markets, covering site identification, permitting, design, and ready-to-build project delivery.
- Solar PV Engineering, Procurement and Construction (EPC) In-house EPC construction of utility-scale solar PV parks, covering engineering design, procurement of components (modules, inverters, mounting), and on-site construction through to commissioning and ready-for-operation handover.
- Solar PV Operations and Maintenance Long-term asset management and operations and maintenance (O&M) of utility-scale solar parks using an in-house asset management organization and a proprietary SCADA monitoring system for continuous performance analysis.
- Battery Energy Storage Systems (BESS) Utility-scale Battery Energy Storage Systems (BESS) developed, constructed, and operated by Nordic Solar as a complement to solar energy production. Includes both standalone storage facilities and co-located solar-plus-storage projects providing grid stability, frequency regulation, and flexibility services.
- Power Purchase Agreements (PPAs) Long-term Power Purchase Agreements (PPAs) typically running 10 or more years at fixed electricity prices, providing revenue certainty to Nordic Solar and budget stability to corporate buyers. Customers include Fuzion, Fipros, EWII, and Skjern Paper among others.
Quantifiable outcome
- 1,709 MWp Solar PV in development; 1,163 MW BESS capacity in development (Q1 2026)
- +5 more outcomes
Companies that use Nordic Solar Energy
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Nordic Solar Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature3 records
Nordic Solar Energy partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major, strategic and supporting.
- Soltech Energy SolutionscoreEPC contractor responsible for construction and delivery of BESS projects. Signed turnkey EPC contract for Södertälje BESS project (9 MW/18 MWh) in Sweden. Also supported Hultsfred Solar Park final commissioning phase.
- Irish RESS (Renewable Electricity Support Scheme)coreNordic Solar secured RESS contracts for Coolcarrigan (100 MWac solar + 80 MW BESS) and Gortdrum (48 MWac solar) projects, both awarded 15-year Contracts for Difference in Irish renewable energy auction.
- Helios Nordic Energy ABmajorSwedish development partner for solar projects. Cooperation projects account for approximately 270 MWp capacity as part of Nordic Solar's plans to expand into Swedish market with total planned capacity exceeding 500 MWp.
- ElecnormajorSpanish development partner and turnkey contractor for Eresma solar park (53 MWp) in Spain near Segovia, 100 km north of Madrid.
- Mols ConsultingstrategicBiodiversity advisory partner with many years of experience in nature management and environmental planning. Collaborated on Lysabild, Højby, and other solar parks to implement biodiversity-focused features including hedgerows, ponds, sand mounds, stone piles, and deadwood habitats.
- Our New EnergystrategicAdvisory firm that initiated and prepared PPA agreements for Nordic Solar. Helped parties enter into unique power purchase agreements with optimal risk allocation for Højby solar park with Fuzion, Fipros, and EWII.
- EWIIstrategicDanish energy company acting as intermediary between Nordic Solar (producer) and end-user companies for green energy supply. Collaborated on Højby solar park PPAs. EWII also directly purchases 5 GWh annually (11-year PPA) for 12% of Højby solar park capacity.
- GreenGo EnergystrategicPartner in development of Højby solar park near Odense, Denmark (32 MWp with tracker system, opened August 2023).
- NewDev ManagementstrategicGerman development company (CEOs Tanja Mado and Mark-Oliver Otto) that developed the Tiste Solar Park project in Germany. Nordic Solar acquired the project and developed/constructed it to completion.
- PlesnersupportingDanish law firm advising on the EUR 300m flexible credit facility transaction with EIG in July 2023.
- Obton Solenergi Stabil FundmajorNordic Solar submitted an offer and is exploring the opportunity to acquire solar parks owned by the Obton Solenergi Stabil fund. This strategic opportunity could strengthen Nordic Solar's portfolio, broaden presence in key markets, and enhance position in renewable energy sector. Nordic Solar aims to achieve economies of scale and reach 1 GWp in operation through this acquisition.
Scale indicators13 records
Recent moves7 records
Expansion highlights7 records
Nordic Solar Energy competitors and assessment
Company assessmentDirect peers
- Encavis AG: German-listed independent power producer operating utility-scale solar and wind parks across Europe. Closely comparable to Nordic Solar in business model (IPP/developer with PPAs) and geographic footprint in Northern/Central Europe.
- BayWa r.e. German-headquartered global developer, EPC and IPP for solar and wind with significant utility-scale solar operations across Europe. Directly comparable full value-chain offering and PPA commercialization.
- European Energy A/S: Danish developer, EPC and IPP for utility-scale solar and wind across Europe. Same vertically integrated value-chain model (development → construction → operation) and Danish heritage, directly comparable to Nordic Solar.
- Lightsource bp: Global utility-scale solar developer and operator, with one of Europe's largest solar development pipelines. Comparable end-to-end value chain, including PPAs with corporate and industrial buyers.
- Obton: Danish solar investment manager and operator of utility-scale solar parks across Europe; identified in Nordic Solar's own disclosed pipeline as a potential acquisition target (Obton Solenergi Stabil fund). Highly comparable geography and asset class.
- Sonnedix: European-focused solar IPP with a multi-GW operating portfolio across multiple jurisdictions. Closely comparable in operating model (long-term ownership, corporate PPAs) and European geographic mix.
Broad incumbents
- EnBW Energie Baden-Württemberg: Large German integrated utility with substantial utility-scale renewable (solar, wind) operations and BESS investments across Europe. Comparable in technology and customer mix but operates as part of a much broader utility portfolio.
- RWE Renewables: Major European utility-scale renewables developer and operator, with significant solar additions to its wind-heavy portfolio. Competes with Nordic Solar for land, grid, and PPA counterparties across Europe.
- Statkraft: State-owned European renewable energy generator and major grid-services provider. Competes with Nordic Solar in European renewable generation and increasingly in BESS-based grid flexibility services.
- EDP Renováveis (EDPR): One of the world's largest renewable energy operators with a sizable utility-scale solar footprint in Europe. Overlaps with Nordic Solar in utility-scale solar generation but operates as a much larger, diversified incumbent.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Nordic Solar Energy social profiles
Digital presenceNordic Solar Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nordic Solar Energy leadership team
Management profileNumber of profiles
Profiles9 records
Nordic Solar Energy subsidiaries and ownership
Company hierarchySubsidiaries3 records
Nordic Solar Energy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nordic Solar Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nordic Solar Energy
What does Nordic Solar Energy do?
Nordic Solar Energy develops, constructs, and operates utility-scale solar photovoltaic (PV) parks and Battery Energy Storage Systems (BESS) across 13 European countries. It operates across the full solar value chain from greenfield development through in-house EPC construction to asset operations and maintenance, and commercializes energy output through long-term Power Purchase Agreements (PPAs) with enterprise and industrial buyers while periodically divesting operational assets to recycle capital.
Is Nordic Solar Energy a public or private company?
Nordic Solar Energy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Nordic Solar Energy founded?
Nordic Solar Energy was founded in 2010. It employs 101 to 250 people.
Where is Nordic Solar Energy based?
Nordic Solar Energy is headquartered in Hellerup, Denmark, in the Europe region.
How does Nordic Solar Energy make money?
Four revenue lines are on record. Solar Energy Production and Sale is the primary driver. The others are power Purchase Agreements (PPAs), battery Energy Storage Systems (BESS) and asset Divestment.
Who are Nordic Solar Energy's main competitors?
Direct peers on record are Encavis AG, BayWa r.e., European Energy A/S, Lightsource bp, Obton and Sonnedix. Broad incumbents are EnBW Energie Baden-Württemberg, RWE Renewables, Statkraft and EDP Renováveis (EDPR).
Does Nordic Solar Energy have an API?
No public API is recorded for Nordic Solar Energy.
What industry is Nordic Solar Energy in?
Nordic Solar Energy's product category is Utility-Scale Solar Energy. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of EUAEAAAG, Solar PV Power Plant EPC (Utility-Scale). Its NAICS code is 221114 and its SIC code is 4911.