Greenvolt Group, a leading international operator in the renewable energy market through multiple technologies, enters the Romanian market

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Joao Manso Neto, CEO Greenvolt Group

Bucharest, April 11, 2024RBJ – Greenvolt Group, a leading international operator in the renewable energy market through multiple technologies, enters the Romanian market in the Distributed Generation segment.

The decision to enter Romania, the 10th country in the Group’s expansion plan (Portugal, Spain, Italy, Greece, France, Poland, Irland, UK, Germany) at the European level on this segment, stems from an awareness of the fundamental role that distributed generation solutions (an energy resource used to generate power at or near the point where it is consumed) will play in Romania’s energy transition. Distributed Generation has been a key strategic pillar for Greenvolt Group since its incorporation, and the current geopolitical situation has only presented itself as a catalyst to the entire industry, whereby reducing both the electricity bill cost and volatility came to be of utmost importance and will continue to be as such for the coming years.

“The launch of Greenvolt Next Romania represents a natural step in the growth of the Group’s pan- European self-consumption platform. Leveraging on the experience that Greenvolt already has in the wind and solar utility scale in Romania, we recognize that there’s a strong Renewable Energy Solutions potential in the country, and its ambitious deployment targets make us believe that Romania can be at the forefront of the decentralized energy revolution.” said Joao Manso Neto, CEO Greenvolt Group.

Greenvolt Next in Romania proposes a new way of generating and consuming electricity through the use of solar panels, by bringing companies to the center of the action while contributing to the energy transition, maximizing energy efficiency, and respecting the environment. The company specializes in the design, construction, management, and maintenance of tailored solutions for photovoltaic systems (roofs, ground, carports), energy efficiency interventions, solar storage, and electric mobility.

The company brings a new and innovative model to the market that will offer many benefits to the end user. With the model Power Purchase Agreement (PPA), Greenvolt Next allows businesses to do the installation of photovoltaic panels without an initial investment, and at the same time ensure renewable energy at a low and predictable cost for our partners.

In the next three years, the company is committed to installing 110MW of renewable energy in the Distributed Generation segment only, representing an overall investment of 27 million euros. Consequently, aims to create 100 direct and indirect jobs, through this innovative model.

“In order to meet the growing needs of Romanian companies for self-production and consumption of electricity, we have chosen to focus on the construction of photovoltaic plants with the innovative Power Purchase Agreement modality. This is to guarantee a long-term supply of electricity from renewable sources at advantageous economic conditions and without any investment and concerns about the management, insurance, and maintenance of the solar plant, being able to have energy at prices independent of the energy market, cancelling or minimizing the risks related to expensive energy. An important tool with a view to the energy transition that from today, thanks to the presence of Greenvolt Group, we will be able to further develop”, added Filipe Dias, Country Manager of Greenvolt Next Romania.

The Greenvolt Group entered the country in 2021 through Greenvolt Power, focused on Utility Scale Wind, Solar and Energy Storage projects. With a pipeline that includes 302MW and 75MW in Wind and Solar, respectively, and an active development of batteries globally, Greenvolt Power is one of the main players in the European market, having won the Polish capacity auction, having been awarded 1.2GW of capacity for six Battery Energy Storage System (BESS) projects.

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Greenvolt Group is one of the leading players in the renewable energy sector through multiple technologies. In addition to producing energy from sustainable biomass forest residues and urban wood waste in Portugal and the UK with Greenvolt Biomass, through Greenvolt Power it is acting as a developer of Utility Scale Wind, Solar photovoltaic, and Energy Storage projects, operating in many markets in Europe, North America and more recently in Asia, with a global pipeline of 8.4 GW. In 2023, the segment reached 91.5 MWp of capacity installed and accumulated a backlog of 216.3 MWp by year-end, with 66.7 MWp secured for installations via Power Purchase Agreements (PPAs), demonstrating the company’s dedication to innovative financing in distributed generation.

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