Greenvolt Group plans to invest €320 million in the United Kingdom over the next three years as part of its strategy to deliver 1GW of renewable energy capacity in the country by the end of 2028, the company said on Wednesday.
Of the total investment, €270 million will be directed to Greenvolt Power, the group’s utility-scale division, to support the development of solar, wind, and battery storage assets. An additional €50 million will be allocated to Greenvolt Next UK, which focuses on distributed energy systems for commercial and industrial users.
The announcement comes as the UK government aims to reach 47GW of installed solar capacity by 2030 under its Solar Roadmap, including 15GW from rooftop solar on commercial buildings.
“This investment reflects both the opportunity we see in the market and Greenvolt’s determination to lead in clean energy solutions across distributed generation, utility-scale and sustainable biomass,” said Greenvolt Group chief executive Joao Manso Neto.
Greenvolt Next UK, based in Warrington, is currently overseeing a 150MW sales pipeline, which includes rooftop photovoltaic (PV) installations at Weston Favell Shopping Centre in Northampton and Birchwood Shopping Centre in Warrington.
“Greenvolt’s investment will help bring renewable energy to more UK businesses,” said Owen Power, CEO of Greenvolt Next UK, citing growing demand for decentralised energy solutions.
Greenvolt Power aims to deliver 500MW of new solar, wind and storage capacity in the UK as part of the plan. The company’s global development pipeline stands at 13.2GW, including 210MW of PV and 57MW of battery storage projects in the UK market.
To support its expansion strategy, Greenvolt Group recently completed a €150 million capital increase fully subscribed by shareholder KKR, strengthening its financial position as it targets growth in battery storage and other clean energy sectors.
