Better Energy
Better Energy develops and operates utility-scale solar parks across Denmark, Poland, Sweden and Finland, selling green electricity to corporate offtakers through 5-10 year fixed-price Power Purchase Agreements. Post-2025 restructuring, it operates as Better Energy Management A/S providing asset management, EPC, development and transaction services.
- Company typePrivate
- Founded2010
- HeadquartersFrederiksberg, Denmark
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Better Energy does
Better Energy is a Northern European renewable energy company that develops, constructs, and operates utility-scale solar parks, selling the resulting green electricity to corporate offtakers through long-term Power Purchase Agreements (PPAs) typically spanning 5-10 years at fixed price and volume. Founded in 2010 and headquartered in Frederiksberg C, Denmark, the company operates across Denmark, Poland, Sweden, and Finland, with subsidiary entities Better Energy Finland I Oy, Better Energy Poland sp. z o.o., and Better Energy Sweden AB. Its underlying technology centres on solar photovoltaic parks with optional integration of wind, battery energy storage (BESS), and hybrid configurations, alongside a participation in Energinet's granular certificates pilot for hourly-matched green power tracking. Better Energy pioneered Denmark's first subsidy-free solar park with Google, and historically accounted for approximately half of all solar capacity installed on Danish soil.
Better Energy's business model is dual-track: a direct PPA sales motion targeting enterprises, manufacturers, data centres, transport operators, and SMEs through a dedicated in-house PPA team, plus multi-partner PPA structures that let multiple companies pool electricity needs from a single park. Capital is sourced through joint ventures with pension fund Industriens Pension (Impact I and Impact II) and Danish energy company Andel, with DKK 12.9 billion in enterprise value across 34 projects at end-2023. Pricing is negotiated individually per PPA, with no minimum consumption threshold, and revenue is supplemented by Guarantees of Origin documentation for CSRD and GHG Protocol reporting. The company also operates an asset management and EPC management capability.
Following a December 2024 restructuring triggered by grid restrictions, delayed demand, and volatile power prices (and a DKK 2,038 million pre-tax loss in 2024 driven by DKK 2,271 million in impairments), Better Energy established Better Energy Management A/S in April 2025 as a new right-sized operating company of approximately 100 employees, backed by P Capital Partners, and completed holding-company restructuring in December 2025. The business has pivoted from an independent power producer (IPP) model to a service-based model providing asset management, EPC management, project development, and transaction services for solar parks.
Better Energy firmographics
Firmographics- Name
- Better Energy
- Legal name
- Better Energy Holding A/S
- Website
- https://betterenergy.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Better Energy develops and operates utility-scale solar parks across Denmark, Poland, Sweden and Finland, selling green electricity to corporate offtakers through 5-10 year fixed-price Power Purchase Agreements. Post-2025 restructuring, it operates as Better Energy Management A/S providing asset management, EPC, development and transaction services.
- Ownership category
- akta.pro rank
Better Energy industry classification
Industry- Product category
- Renewable Energy / Solar Power Generation
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)
- akta.pro secondary industries
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Community Solar Development & Subscription Management (EUAMAJAA), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)
Keywords
Where Better Energy is headquartered
LocationHeadquarters
- HQ city
- Frederiksberg
- HQ country
- Denmark
- HQ region
- Europe
Offices5 records
Markets served
Better Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Power Purchase Agreements (PPAs): Better Energy generates revenue by selling green electricity through long-term Power Purchase Agreements (PPAs) to corporate offtakers. Companies purchase a fixed volume of energy at a fixed price over an extended period (typically 5-10 years). The company also earns electricity settlement revenue from its operational solar parks. Revenue is derived from power sales under contracts for difference and PPAs with industrial offtakers. The company operates as both an independent power producer (IPP) and has transitioned to a service-based business model providing asset management, EPC management, development and transaction services.
- Asset management and service fees: Following restructuring in 2024-2025, Better Energy transitioned to a service-based business model providing asset management, EPC management, development, and transaction services for solar parks. Revenue is generated through service fees for managing operational solar parks, overseeing construction, and facilitating project development and divestments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom PPA pricing negotiated per customer |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Better Energy product offering
Product offeringCore offering
Better Energy develops, constructs, and operates solar photovoltaic energy parks across Northern Europe (Denmark, Poland, Sweden, Finland) and sells the produced green electricity to corporate offtakers through long-term Power Purchase Agreements (PPAs) of typically 5-10 years. Following its 2024-2025 restructuring, the company also provides asset management, EPC management, project development, and transaction services for solar parks.
Product overview
Better Energy is a renewable energy company offering Power Purchase Agreements (PPAs) as its core product, enabling businesses across Northern Europe to source green electricity from solar parks. The company's product suite centers on its PPA offering with modules including enterprise and SME solutions, competitive pricing, new green energy additionality, and sustainability reporting via Guarantees of Origin. Better Energy develops, constructs, and operates solar parks across Denmark, Poland, Sweden, and Finland, with some parks integrating battery energy storage (BESS) and hybrid energy systems. The offering is complemented by impact-focused solar parks that incorporate community engagement and nature restoration, supporting corporate ESG and CSRD compliance.
Differentiator
Problem solved
Functional benefit
Products and services
- Power Purchase Agreements (PPA) Long-term (typically 5-10 year) Power Purchase Agreements that allow businesses to purchase fixed volumes of green electricity at fixed prices from Better Energy's solar parks, with associated Guarantees of Origin (GoO) for ESG reporting under CSRD and GHG Protocol.
- PPA for Enterprises Enterprise-tailored Power Purchase Agreements featuring multi-partner PPA set-up, flexible offtake volumes, and removal of financial barriers including no parent company guarantees required.
- PPA for Small and Medium Businesses Power Purchase Agreements designed for businesses of all sizes to participate in the green transition, providing fixed energy pricing and volume to reduce exposure to electricity price volatility. No minimum consumption requirement applies.
- Solar Parks Renewable energy parks that Better Energy develops, constructs, and operates across Northern Europe, with options for battery energy storage systems (BESS), wind turbine integration, and multifunctional land use including nature restoration and biodiversity initiatives.
- Energy Storage (BESS) Battery energy storage solutions integrated with solar parks to enable hybrid energy parks combining solar and storage capacity.
- Asset Management and Services Post-restructuring service offering that provides asset management, EPC management, project development, operation and maintenance of solar parks, management of project companies, and transaction services across a portfolio of approximately 2 GWp installed solar capacity.
Quantifiable outcome
- 941 GWh of green energy produced in 2023, up from 463 GWh in 2022
- +7 more outcomes
Companies that use Better Energy
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles4 records
Better Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature3 records
Better Energy partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- EnerginetcoreDanish transmission system operator partnering with Better Energy and Google on the first real-world test of granular certificates in the EU. Energinet issues granular certificates via its Energy Track & Trace platform, matching hourly production and consumption data. This initiative enables more precise carbon footprint tracking for green energy consumers.
- Industriens PensioncoreJoint venture partnership with Danish pension fund Industriens Pension. Impact I (first JV) holds 21 solar parks with ~1 GWp production capacity across Denmark and Poland, with final project grid-connected in 2023. Impact II (second JV) has 9 projects with ~589 MWp expected capacity across Denmark, Poland, and Sweden. The JVs represent DKK 12.9 billion in enterprise value across 34 projects.
- AndelcoreJoint venture established in 2023 with Danish energy company Andel, with anticipated accumulated production capacity of ~2 GWp. Four projects included by end of 2023 with expected production capacity of 743 MWp. Companies expect to establish up to 15 energy parks in Denmark between 2024 and 2028.
- StudsvikcoreStudsvik Tech Park, owned by Studsvik Nuclear AB, hosts Better Energy's Studsvik Solar Park. The collaboration brought together companies from energy and innovation sectors to create a hub for sustainable solutions. Karl Thedéen, CEO of Studsvik, welcomed the solar park as an important addition to the tech park.
- SenergiaminorSwedish partner involved in the Studsvik Solar Park collaboration alongside PPA partners Vestre, Scan Global Logistics, Nolato, and Vattenfall.
- VattenfallminorSwedish partner involved in the Studsvik Solar Park collaboration alongside PPA partners Vestre, Scan Global Logistics, Nolato, and Senergia.
- Lidköping MunicipalitycoreLidköping Municipality owns the land at Hovby Airport where Better Energy developed the Lidköping Solar Park (Sweden's second largest, 24 GWh/year). The strategic collaboration exemplifies multifunctional land use, utilizing surplus municipal land for renewable energy production.
- Nyköping MunicipalitycoreCollaboration with Nyköping Municipality authorities in Södermanland region for the Studsvik Solar Park project, alongside Studsvik Tech Park. The project design was a result of strong collaboration between the municipality, regional authorities, and Better Energy.
- ATEAminorOne of eight companies that signed Power Purchase Agreements with Better Energy in 2023 as part of 12 total PPAs signed during the year.
- COWIminorOne of eight companies that signed Power Purchase Agreements with Better Energy in 2023 as part of 12 total PPAs signed during the year.
- VestreminorOne of the companies that signed a PPA with Better Energy in 2023. Vestre signed a 10-year PPA for Studsvik Solar Park in Sweden, aiming to be a net producer of energy by 2030.
Scale indicators14 records
Recent moves6 records
Expansion highlights6 records
Better Energy competitors and assessment
Company assessmentMarket position
Strengths2 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Better Energy compliance and trust
Trust signalCompliance2 records
Better Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Better Energy leadership team
Management profileNumber of profiles
Profiles7 records
Better Energy subsidiaries and ownership
Company hierarchySubsidiaries4 records
Better Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Better 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 Better Energy
What does Better Energy do?
Better Energy develops, constructs, and operates solar photovoltaic energy parks across Northern Europe (Denmark, Poland, Sweden, Finland) and sells the produced green electricity to corporate offtakers through long-term Power Purchase Agreements (PPAs) of typically 5-10 years. Following its 2024-2025 restructuring, the company also provides asset management, EPC management, project development, and transaction services for solar parks.
Is Better Energy a public or private company?
Better Energy is a private company. It is classified as private equity controlled and is currently operating.
When was Better Energy founded?
Better Energy was founded in 2010. It employs 501 to 1,000 people.
Where is Better Energy based?
Better Energy is headquartered in Frederiksberg, Denmark, in the Europe region.
How does Better Energy make money?
Two revenue lines are on record. Power Purchase Agreements (PPAs) is the primary driver. The others are asset management and service fees.
Does Better Energy have an API?
No public API is recorded for Better Energy.
What industry is Better Energy in?
Better Energy's product category is Renewable Energy / Solar Power Generation. Its primary akta.pro industry code is EUAEAAAG, Solar PV Power Plant EPC (Utility-Scale), with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 221114 and its SIC code is 4911.