Lisbon-based Greenvolt Group, a company that operates in the renewable energies market, announces €150M through a share capital increase. Shareholder KKR will subscribe to the full amount.
The transaction follows the investment plan set during KKR’s acquisition of Greenvolt and is intended to support the Group’s ability to invest across its operating regions, with a focus on large-scale battery storage systems.
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The deal is divided into two phases. The first phase, amounting to €100M, will be completed in the coming days. The second, involving the remaining €50M, is planned to be finalised by September 30, 2025.
Capital utilisation
The capital increase supports Greenvolt’s focus on three core business areas: Sustainable Biomass, Utility-Scale, and Distributed Generation. The company is targeting markets with stable regulatory conditions and aims to strengthen its position in utility-scale battery energy storage systems (BESS).
Currently, Greenvolt has a 4.3 GW BESS pipeline across nine countries, with active projects in Poland, the UK, and Hungary.
In the first half of the year, Greenvolt recorded over €500M in asset rotation sales. These proceeds are expected to support its next investment cycle across its operations in 20 countries in Europe, North America, and Asia.
João Manso Neto, CEO of Greenvolt Group, says, “This capital increase is part of the path we’ve been building alongside our shareholder and once again demonstrates its commitment to Greenvolt’s strategy.”
“It gives us access to the financial resources needed to accelerate the execution capabilities we have consistently demonstrated and to further strengthen Greenvolt’s position as a key player in the energy transition.”
Brief about Greenvolt Group
Greenvolt Group is a renewable energy company that generates power using forest residues, wind, and solar energy. Its operations are organised across three main business areas: Sustainable Biomass, Distributed Generation, and Utility-Scale projects.
In Sustainable Biomass, the company operates power plants in Portugal and the UK, using forest and urban wood residues to produce energy. In Distributed Generation, Greenvolt provides B2B services for solar PV systems, electric mobility, and energy storage solutions in various countries across Europe and Indonesia.
And, in Utility-Scale projects, Greenvolt develops large-scale wind, solar PV, and storage projects in several European markets, including the US and Japan.
Greenvolt operates in 20 markets across Europe, North America, and Asia, with a workforce of over 900 people. The company’s activities contribute to energy transition efforts and promote circular economy practices by converting waste into power.
In June 2025, Greenvolt, in partnership with Green Mind Ventures, agreed to sell a 231 MW renewable energy portfolio in Spain to Transiziona, backed by White Summit Capital. The deal was valued at up to €195M.
