The Greenvolt Group has announced that it will invest € 320 million (£ 279 million) in the British renewable energy sector in the coming three years, because by 2028 it will aim a total of 1 GW of renewable energy capacity.
The investment will be divided between two divisions of the company, where € 50 million is aimed at Greenvolt Next UK to concentrate on distributed energy projects mainly for large -scale commercial and industrial customers.
Greenvolt Next UK was launched in February This year and worked on various large -scale projects, including Deals for Installations at two shopping centers. This project, announced in June, will see Weston Favell Shopping Center in the Northampton and Birchwood shopping center installed in Warrington in Warrington with solar PV arrays with a total combined capacity of approximately 580 kWp.
However, the majority of the investment will be allocated to Greenvolt Power, the company’s poor business on Nuts scale. A total of € 270 million will be invested in Greenvolt Power, which works to develop the projects in the field of Zonne-PV and Battery Energy Storage System (Batice Energy). Greenvolt currently has a 9.3 GW international wind, solar and bess -pipeline spread throughout Europe, and has biomass plants at two locations in England.
Joao Manso Neto, Chief Executive of Greenvolt Group, expressed enthusiasm for the future of the British business activities of Greenvolt. Neto noted that the deployment was a good example of “both the chance we see on the market and the determination of Greenvolt in clean energy solutions on distributed generation, utility scale and sustainable biomass”.
Greenvolt continues to grow
This announcement is one of the two major financial announcements from Greenvolt in recent weeks. At the end of July, the company announced that it would continue with a share capital increase of € 150 million. The share capital increase, which is fully subscribed by the company KKR shareholder, will be implemented in two phases; The first will take place at the beginning of August and the second is planned for September 30, 2025.
In October last year, the Greenvolt Group announced that it had increased its total available financing to € 400 million, thanks to two public banking institutions. This deal brought the total number of banking institutions in the financial syndicate from the company to Acht and was mainly used to expand its biomass energy offering.
At the time, Neto said that “the increase in financing reflects the trust that have financial institutions in our strategy in the renewable energy sources sector.”, Accessible to “it also emphasizes the benefits of having KKR as an important shareholder, who expands our reach within the financial community.”
At the beginning of this year, the Irish -poor business arm of the Greenvolt Group was seen undergo a large rebranding and are renamed ENERPOWER driven by Greenvolt to Greenvolt next Ireland. This area of the company was taken over after the group had included a majority stake in the development of renewable energy development in 2023.
Currently, Greenvolt Ireland has a portfolio of more than 700 projects with a signed capacity for 300 MW and an operational portfolio of 160 MW.
