The UK’s renewable energy sector is set to receive a major boost as Portuguese energy company Greenvolt Group announces a €320 million investment over the next three years, with plans to deliver one gigawatt of capacity by 2028.
Under the strategy, €270 million will go to Greenvolt Power, the firm’s utility-scale arm, to develop large-scale solar farms and battery storage facilities. The remaining €50 million will be channelled into Greenvolt Next UK, which specialises in distributed energy solutions for commercial and industrial clients.
The investment aligns with the UK Government’s Solar Roadmap, which targets up to 47 gigawatts of solar capacity by 2030, including 15 gigawatts from rooftop systems on commercial buildings.
Greenvolt Group CEO João Manso Neto said the initiative underscores the company’s ambition to “lead in clean energy solutions across distributed generation, utility-scale, and sustainable biomass.”
Greenvolt Next UK, based in Warrington, is already advancing projects totalling around 150 megawatts. These include rooftop solar installations at Weston Favell Shopping Centre in Northampton and Birchwood Shopping Centre in Warrington. CEO Owen Power noted that the funding will help meet growing demand for decentralised energy, as businesses seek to cut costs and strengthen energy security.
On the utility-scale front, Greenvolt Power aims to deliver 500 megawatts of new UK capacity, spanning solar, wind, and battery storage. Globally, the company has 13.2 gigawatts in development, including 210 megawatts of solar and 57 megawatts of battery storage within the UK.
To support the expansion, Greenvolt recently completed a €150 million share capital increase, fully subscribed by investor KKR, boosting its financial capacity to accelerate battery storage projects worldwide.
