St. Jørgen Holding A/SAktiv

St. Jørgen Holding carries on its activities through its subsidiaries. ​ ​St. Jørgen Holding develops onshore renewable energy projects that underpin the green transition and the ambition to reduce dependency on imported energy, with a particular focus on combined solar PV projects, onshore wind projects and energy storage projects, which continue to be the most cost-effective energy production facilities. ​ ​St. Jørgen Holding’s business model includes both income from project sales and on a longer term from owned assets. ​ ​The company's strategic focus continues to be development of onshore renewable energy projects of industrial scale in Denmark and the other Nordic countries, including combined technologies such as solar and wind power​plants (hybrid projects) combined with energy storage. ​ ​As the market for new renewable energy projects in the Nordic countries, in particular solar PV projects, has been​less active over the last 2 – 3 years, the company has focused its activities more on progressing its existing project​portfolio than on sourcing of new potential renewable energy projects, although the company continues exploring attractive project opportunities both in Denmark and abroad. ​ ​By end 2025 the company had contracted projects and pipeline projects for solar and onshore wind power projects as well as hybrid projects in Denmark, Southern Sweden and Faroe Islands with a total capacity of more than 4GW, consisting mainly of industrial scale

Development in activities and financesThe company's activities have until 2025 been 100% equity-financed. In 2025 and beginning of 2026 the company​raised both new equity and interest-bearing debt in the form of convertible loans for a total of DKK 22.4 million. to finance the company's activities. ​ ​The capital increases and the convertible loans have been fully paid up. ​ ​The main trends that affect the company’s business include: ​ ​• The project development market trends towards industrial scale renewable energy projects. This has been the core of the company’s focus since the beginning of its renewable energy development activities. ​• The market for Energy storage projects, both on a stand-alone basis and in combination with energy production facilities, is on a rise. This is to some extent driven by the need at project-level to balance energy production and grid export capacity, but also by rapidly increasing curtailment during peak production hours on the power grid itself. At the same time the market is seeing significantly decreasing prices of industrial-scale batteries. ​• Further, renewable energy projects trend towards combining different technologies, e.g. solar PV, wind and energy storage (hybrid projects) within the same area, rather than single-technology projects. The company has secured the right to develop all technologies in nearly all of its land-lease and option agreements since the very beginning of its activities. ​• While development of power-to-X ha

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