Jump to content

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 2026. 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.

EE North America projects map

European Energy

2004 founded

European Energy was founded in Denmark in 2004 by Knud Erik Andersen and Mikael D. Pedersen

More than 700 employees

By year-end 2023 we reached 700 employees, and we are growing with many new colleagues in 2024.

29 markets

We have projects in 26 different countries, and we strive to open local offices in the markets where we have construction and operational projects.

In 2023 we screened for projects in more than 29 countries and we have actual development activities in 19 countries.

44 nationalities

We were born global as a Danish company with our first projects in Germany and we have always valued a diverse culture with colleagues from all over the world.

3.2 million tonnes of CO2

Since 2004, European Energy has saved the planet from over 3.2 million tonnes of CO2.

245,000 trees

In 2021, we planted 245,000 trees as hedge rows around our solar parks.

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