SENS expands its portfolio with a new battery and solar power project of 65 MW. The total portfolio today exceeds 400 MW of solar and battery parks.
Sustainable Energy Solutions Sweden Holding AB ("SENS") takes another step forward in its commitment to green energy transition by signing a new land lease agreement for a new project. The agreement is intended for the construction of a combined solar park and battery facility outside Katrineholm, Sörmland. The battery plant has a target of achieving a capacity of 50 MW and solar park of 15 MW.
SENS announces today that a new land lease agreement has been successfully signed near Katrineholm, Sörmland. This marks the second agreement within a short period in the region. The project, which includes a combination of a solar farm and a battery facility, is designed to streamline the production and storage of energy, with a total capacity of 50MW and 15MW respectively.
In an era where the emphasis on renewable energy is of utmost importance, SENS is at the forefront with solutions that combine electricity production with storage. This integrated strategy promotes a stable and reliable energy supply, reduces dependence on fossil fuels and contributes to building a robust and future-proof energy infrastructure. SENS's strategic positioning and resources allow the Company to effectively navigate and lead the way towards future energy challenges, thus playing a decisive role in the transition to sustainable energy solutions.
The project's market value, with a 'Ready-to-build' status, can vary between SEK 250-500 thousand/MW. Assuming this valuation range, it implies a potential value of SEK 16.3-32.5 million, provided that all project rights are successfully secured. It is important to note that this lease does not generate immediate revenue for SENS. The revenue is expected to be realized through future sales or development agreements with long-term partners or investors. SENS's portfolio today of projects with secured land leases exceeds potential 330 MW battery park and 75 MW solar park.
Henrik Boman, CEO of SENS, comments:
"We are enthusiastic about taking further steps towards a sustainable energy future by signing a new lease agreement in Sörmland. This project, which integrates a solar farm with a battery facility, demonstrates our capacity and strategic positioning to successfully navigate the energy challenges of the future and contribute to building a robust and sustainable energy infrastructure.”
For further information contact:
Henrik Boman, CEO; Phone: +46 (0)70 224 63 61
The information was submitted for publication through the agency of the contact person set out above on October 27, 2023 10:00.
About SENS
Sustainable Energy Solutions Sweden Holding AB (publ)(SENS), provides sustainable energy solutions enabling the transition to a fossil-free and CO2 neutral energy mix both locally and internationally. SENS develops, designs, constructs and sells large-scale energy projects combining renewable energy sources with next generation energy storage technologies such as underground pumped hydro storage (UPHS) and/or battery energy storage systems (BESS). The company also conducts technical advisory consultancy services within energy storage and energy systems optimisation. The company is listed on NGM Nordic SME under the short name SUST.