GreenVolt, through its subsidiary V-Ridium, has acquired a 90MW wind project in Iceland.
The wind farm is expected to be the first utility-scale project of its kind to be built in Iceland.
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With the 90MW of capacity under development, Iceland will ensure that it will continue to meet its energy needs from 100% renewable sources in the future.
GreenVolt CEO Joao Manso Neto said: “Iceland is, already today, a world reference in terms of renewable energies.
“For GreenVolt, it is, therefore, a pride to be able to help it in the reinforcement of its capacity to generate energy from environmentally friendly sources.
“This project also marks the arrival of GreenVolt in yet another market, continuing its global growth strategy.”