St. Jørgen Holding has appointed Rothschild & Co. as financial advisor to secure equity and debt funding for continued growth and development activities within utility-scale renewable energy projects, as well as for construction of one of Europe’s largest utility-scale solar and battery energy storage system (BESS) projects.
The project, which has a solar PV capacity of 513 MW and a BESS capacity of up to 200 MWh, is located in Denmark, and will be built on peat soil land. With an estimated investment of DKK 2 to 2.5 billion (EUR 270 to 333 million), the project is expected to reach Final Investment Decision (FID) in mid 2026 and achieve Commercial Operation Date (COD) in 2028. Once operational, the project will be one of Europe’s largest solar energy projects, generating an annual production of 521 GWh (corresponding to the energy requirement for approx. 115,000 households) and thereby significantly contribute to the green energy transition.
Jóhannus Egholm Hansen, Chairman of St. Jørgen Holding A/S commented:
“We are thrilled to engage Rothschild & Co. as our financial advisor for raising equity and debt financing for our continued growth and our first utility-scale renewable energy project. We believe that construction of utility-scale, multi-technology projects is the most profitable and the most viable way for Europe to reach its renewable energy targets. This project represents a major milestone for our company and for the industry and will contribute significantly to the green energy transition and to the Danish Government’s ambitious 2030 carbon reduction targets.”
For further information, please contact:
Monica Hørsted, Head of People & Culture and Executive Support
E-mail: moh@stjorgen.dk
