Greenvolt's Solar Expansion: Powering Up Romania's Energy Future
- Greenvolt brings 110 MW of solar power to Romania, leading the decentralized energy revolution with EUR 27 million investment in DG solutions.
Portuguese renewables group Greenvolt is entering the Romanian distributed generation market with plans to install 110 MW of solar power capacity over the next three years. The company's DG solutions business, Greenvolt Next, will invest EUR 27 million in the project, which includes rooftop and ground-mounted photovoltaic plants and solar carports operated under power purchase agreements.
Greenvolt sees the DG segment as a way to lower electricity costs and improve price volatility in the current geopolitical environment. The company aims to leverage Romania's renewable energy potential and meet national green capacity addition goals. CEO Joao Manso Neto believes that Romania could lead the decentralized energy revolution.
Greenvolt Group has been active in Romania since 2021 through subsidiary Greenvolt Power, focusing on utility-scale wind, solar, and energy storage projects. The company's expansion into the DG market reflects its commitment to sustainable energy solutions and growth in the European self-consumption platform.
How is Greenvolt expanding into the Romanian distributed generation market?
- Greenvolt's DG solutions business, Greenvolt Next, plans to install 110 MW of solar power capacity in the Romanian distributed generation market over the next three years.
- The company will invest EUR 27 million in the project, which includes rooftop and ground-mounted photovoltaic plants and solar carports operated under power purchase agreements.
- Greenvolt aims to lower electricity costs and improve price volatility in the current geopolitical environment by entering the Romanian DG market.
- CEO Joao Manso Neto believes that Romania has the potential to lead the decentralized energy revolution and meet national green capacity addition goals.
- Greenvolt Group has been active in Romania since 2021 through subsidiary Greenvolt Power, focusing on utility-scale wind, solar, and energy storage projects.
- The company's expansion into the DG market reflects its commitment to sustainable energy solutions and growth in the European self-consumption platform.