SENS signs lease agreement for a new combined battery storage facility and solar park on Ingarö

Sustainable Energy Solutions Sweden Holding AB ("SENS" or "the Company") announces that the Company, together with Aeonic AB ("Aeonic"), has identified and signed a lease agreement for the construction of a solar park with battery storage located on Ingarö, Värmdö. The project is expected to achieve a total power capacity of 40 MW, spread over an area of 22 hectares.

Henrik Boman, CEO of SENS, comments:
”We are pleased to have identified our first project together with Aeonic. The JV collaboration enables us to increase the pace and continue to challenge larger players within the solar park industry and strengthen our brand in the Swedish energy market.”

Today, SENS announces that the Company has signed a new lease agreement for a combined solar park and battery storage facility on Ingarö. The planned capacity for this facility is 40 MW and will cover an area of 22 hectares. The project was initiated as a result of the collaboration between SENS and Aeonic, which started a joint venture partnership in November 2023.

”It is encouraging that we have now started our first project within the scope of the JV collaboration. We look forward to initiating more joint projects in the future.” says Peter Saxby, CEO of Aeonic AB.

Energy storage is a central component in sustainable development, as it enables efficient management of energy production and usage. It constitutes an important part of the transition to green energy and sustainable development. SENS aims, together with Aeonic, to identify and develop attractive projects, and this agreement marks the first agreement between the parties. SENS is now starting the process of applying for the necessary permits for the project.

For further information on SENS' collaboration with Aeonic, please see SENS' press release from November 14, 2023: https://www.sens.se/en/17/28/press-release/?newsid=31BF6E476F263661