The Greenvolt Power has reached an agreement with Nuveen Infrastructure for the sale of a solar photovoltaic portfolio distributed across various regions of Italy for €18.7million. A total of 19 projects, expected to reach Ready to Build between 2024 and 2025, will be sold in phases, collectively providing 153 MWp of clean solar energy.
“At the Greenvolt Group, we are experts in promoting the development of projects until they are ready to be built, where our advantage compared to other players in the renewable energy market is greater”, says João Manso Neto. “This advantage is demonstrated by the interest we saw towards these assets in Italy, which led us to close this agreement with Nuveen Infrastructure”, adds the CEO of the Greenvolt Group.
This sale, coordinated and assisted on multiple fronts by Green Horse, is part of the strategy adopted by the Greenvolt Group to develop solar projects that are subsequently sold. Out of the overall Group pipeline, which reached 8.6 GW at the end of Q1 2024, the majority of projects, in the range of 70%-80%, are expected to be sold. The objective for this year is to sell more than 500 MWp.
In addition to developing Utility Scale projects, both wind and solar, and battery solutions, in 17 countries, the Greenvolt Group operates in the Distributed Generation segment, where it continues to grow its pan-European self-consumption platform, now in 11 geographies, but also generates clean energy through residual biomass in Portugal and the United Kingdom.
