Denmark: Businesses are new growth market for solar energy
Category: Investment, Solar, Renewable Energy
News about Solar Plaza
COPENHAGEN - February 19, 2013 (Investorideas.com renewable energy newswire) The upcoming conference 'The Solar Future: Denmark ' will focus on the potential for solar energy in Denmark . Experts expect that larger companies and businesses will become a new growth market.
After the explosive growth of solar energy in Denmark in 2012 under the favourable framework conditions for private households, experts now see a new growth market for photovoltaic (PV) systems: large companies and businesses.
"The government's new rules are more interesting for companies then for private households," says Esben Christensen, Head of New Markets at European Energy, a Danish company that develops, finances and builds solar and wind farms. The new rules, which were introduced in 2012, make it most worthwhile to use solar power at the same time as it is produced. Any excess power must namely be bought back for 2.20 kroner (30 Eurocents) per kWh.
"Companies with large office buildings can use the power that is produced on their own roof tops right away, while private homeowners typically work five days a week and are at home on the weekends. This market will therefore grow quickly in the next few years," says Esben Christensen, who at the international conference in Copenhagen will give a presentation on the potential of the Danish market for PV systems. However, he points out that the potential development will depend on how the new rules should be interpreted.
"We are awaiting ministerial guidelines," he says.
A great example of a large rooftop project is the head office Topdanmark , Denmark's second largest insurance company in Ballerup. It is Northern Europe's largest rooftop solar power installation for commercial purposes with 3,042 solar panels (5.000 m2) and an annual capacity of 745 kWp. Their production corresponds to almost the annual power consumption of 200 households.
The strong political and social commitment to renewable energy in Denmark will be illustrated at the conference by the example of the forward-looking town of Skive , which has the country's largest municipal PV.
"In total we have around 80 major PV installations on almost all our municipal buildings like the city hall, the nursing home, schools and day care centers. When the project is completed this summer, we will have about 1.45 MWp solar power," says Michael Petersen, local team leader for energy savings. Michael Petersen, the moving spirit behind this project, is also one of the speakers at the conference in March.
Although Denmark has the highest electricity price in Europe because of the high taxes, energy consultant Anders Houmøller from Houmoller Consulting in Fredericia, emphasizes that it was not the high electricity price in Denmark that boosted the great interest in solar energy.
"The interest in 'green electricity' can be traced back to the public debate in the 70'-80's when Denmark declined nuclear power. Instead we built coal fired power plants, which have a relatively high CO2 emission. Already at that time there was a great interest in renewable energy in our country," says Anders Houmøller, who at the upcoming conference will give a presentation on the development of electricity prices in Denmark .
International Solar PV Conference
The international conference 'The Solar Future: Denmark' takes place on 21 March 2013 in Copenhagen . The focus of the conference will be the new conditions and opportunities in the Danish Solar PV market.
Venue: Radisson Blu Scandinavia Hotel, Amager Boulevard 70, 2300 København.
For programme and speakers see: www.thesolarfuture.dk/program/
This news is published on the Investorideas.com Newswire and its syndicated partner network
Get free news alerts:
Sign up here
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news as well as creates original content as a news source. Original content created by investor ideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and global syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions and advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.