ATP Investment Powers Better Energy’s Expansion of Green Energy Across Europe

Better Energy, a solar energy developer, announced they recently secured an astronomical three-digit million euro investment from the pension fund ATP. This major resource will be used to expand green energy generation in Denmark, Sweden, Finland, and Poland. As a result of this transaction, Better Energy’s board of directors will now include a representative from ATP as well since the pension fund now holds 15% stake in the company.The purpose of this endeavor is to implement renewable solar power across Europe and reduce carbon emissions, create more biodiversity conservation areas, and offer cheaper alternatives to gas, oil, and coal. The CEO Rasmus Lildholdt Kjær explained that this infusion of funds has allowed them to finally transition into being a renewable energy company whose mission is to roll out large scale projects that are economical yet eco-friendly. In Poland specifically, fossil fuels dominate electric production with coal itself leading at over 70%. This highlights the importance of additional solar energy resources there because it will bring greater ecological benefits than in other regions. The ATP investment particularly aids these efforts by allowing Better Energy Poland to utilize subsidy-free solar parks such as Postomino 30MW and Polanow 30MW.

Summary

• ATP owns 15 % of Better Energy and will have a seat on the company’s board of directors.
• The investment from ATP helps boost Better Energy’s momentum in all their markets, not least Poland.
• The positive environmental impact of additional renewable energy resources in Poland is significantly higher than in many other countries.

What is the positive environmental impact of additional renewable energy resources in Poland?

The positive environmental impact of additional renewable energy resources in Poland is significantly higher than in many other countries due to the dominance of fossil fuels, and the investment from ATP will help Better Energy develop subsidy-free large scale solar parks to further reduce emissions.

You might also like this article: O que são Xenobots? A nossa definição.
Picture source: Chelsea