2004 founded
European Energy was founded in Denmark in 2004 by Knud Erik Andersen and Mikael D. Pedersen
Who we are
EE North America is a proud subsidiary of European Energy, a global company founded in Denmark in 2004 with a reputation as a leading developer of clean energy. We have the expertise, partnerships, and global track record to deliver fully integrated clean energy systems that enable decarbonization across many industries.
EE North America
While many companies like to talk about producing innovative clean energy solutions at scale, EE North America is actually doing it.
EE North America is working towards an ambitious goal of developing 10 gigawatts (GW) of clean energy projects in the U.S. by 2027. Today, EE North America has 3 GW of projects in development across the U.S. Our initial projects include:
- A partnership with Elio Energy to produce 2 GW of renewable energy in Arizona.
- A partnership with Horus Energy to produce 700 MW of renewable energy in Arizona.
- A 150 MW hydrogen facility in Texas.
To put EE North America’s goal into perspective, 10 GW can cover the electricity needs of 7.5 million homes.
- 10 GW is also larger than the total electric capacity of 14 individual U.S. states.
Through these projects, EE North America is enabling the transition to clean energy in the U.S. with new investments and new American jobs while ensuring local communities benefit for generations to come.
North America’s energy solutions are commercially mature and financially viable today, allowing EE North America to enable and accelerate the energy transition across the United States.
EE North America plans to open offices in Washington D.C. and Austin, Texas, with local staff to drive our project efforts.
European Energy
More than 700 employees
We have 713 dedicated employees driving the business forward.
19
In 2023, European Energy was engaged in construction activities at 19 different sites in five European countries, as well as Australia.
25
European Energy is active in 25 markets.
434,962 tonnes CO2
We avoided 434,962 tons of CO2e GHG emissions through the 1,870 GWh renewable energy we produced in 2023, which is 140% more than in 2022.
492,105 households
In 2023, European Energy produced electricity equivalent to the consumption of 492,105 average European households.
How we operate
This is EE North America
1. Screening
We secure the land/project rights either through our greenfield activities or via development agreements with local partners. The project’s key value drivers and risk profile is assessed, and project progress occurs only if it is deemed to have sufficient potential to meet financial hurdle rates.
2. Involvement/Development
We apply for the necessary permits to realize the project, which includes conducting several studies and analyses. We also ensure that we obtain a grid agreement allowing us to feed the electricity into the grid. The yield of the project is also investigated, and a business case for the project is built.
3. Engineering, Procurement & Construction
Our competencies in design and engineering ensure the strong operational performance of our assets. Our experienced procurement team selects suppliers via thorough evaluation and closely monitors their delivery. With rights and permits secured and procurement, off-take, and financing ready, we initiate the construction of the project. We have a strong track record in managing contractors and suppliers on-site.
4. Grid connection
As the final step of the construction process, we connect the asset to the grid providing renewable energy.
5. Independent Power Sale & Power Purchase Agreement
At other times, it may be advantageous for us to maintain ownership of an energy farm and sell the renewable power as an independent power producer. Today, more and more companies also choose a Power Purchase Agreement (PPA). PPAs are long-term, fixed-price energy supply contracts that guarantee the delivery of renewable power from an energy farm to a business. PPAs are often made before the construction of a project begins – however, they can also occur once a project has launched and been grid-connected.
6. Divestment
We assess each project individually and take risk-and-reward profiles into close consideration. In some cases, we divest the energy farm to long-term investors at the optimal price. Often, we continue managing the assets for the investor to optimize production output and minimize operating costs.
7. Asset Management
We consider managing assets to be a core part of our business. This involves 360-degree asset management services delivered by in-house competencies in the technical, commercial, and financial aspects of renewable energy farm management.
8. Operations
We also deliver O&M services for PV plants including scheduled preventive maintenance, corrective maintenance, technical support, and plant monitoring.
9. Power-to-X
We are commercializing a production technology that produces green e-methanol at competitive prices. The production is based on renewable energy from our wind and solar farms and CO2 from bio-waste. As part of the process, we use electrolysis to produce green hydrogen by splitting water.
Contact
Contact the North American project team at EE North America
