Greenvolt Group will invest €320 million in the United Kingdom over the next three years to deliver 1GW of renewable energy capacity by the end of 2028.
According to the company, €270 million will go to its utility-scale business Greenvolt Power to develop solar and battery storage assets, while €50 million will support Greenvolt Next UK’s rollout of distributed energy systems for commercial and industrial clients.
The investment is aligned with the UK Government’s Solar Roadmap, which targets up to 47GW of installed solar capacity by 2030, including 15GW from rooftop arrays on commercial properties.
Greenvolt Group chief executive Joao Manso Neto said the commitment 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”.
Greenvolt Next UK, based in Warrington, is currently managing a sales pipeline of 150MW, including rooftop PV installations at Weston Favell Shopping Centre in Northampton and Birchwood Shopping Centre in Warrington.
Chief executive Owen Power said the investment would help “bring renewable energy to more UK businesses” as demand for decentralised solutions grows.
Greenvolt Power will focus on delivering 500MW of new solar, wind and storage capacity in the UK. The company said its global pipeline totals 13.2GW, including 210MW of PV and 57MW of battery storage in the UK market.
The group recently completed a €150 million share capital increase, fully subscribed by shareholder KKR, to strengthen its financial capacity and support expansion into battery storage across key markets.