Greenvolt Group announces a capital increase of €150 million fully subscribed by KKR

The operation will be carried out in two tranches: the first at the beginning of August and the second by September 30.

In line with the strategic plan defined at the time KKR joined the company’s capital structure, this capital increase reflects continued confidence in Greenvolt’s execution capacity and long-term growth potential. The company’s strategy is based on the development of its three main business segments: Sustainable Biomass, Utility-Scale, and Distributed Generation, focusing on geographic areas offering stable and favorable regulatory frameworks.

This transaction will further strengthen Greenvolt’s ability to execute its business plan, particularly in the area of commercial-scale battery energy storage systems (BESS), a segment where the Group is positioned as a European leader, with a probability-weighted project portfolio of 4.3 GW across nine countries and projects already under construction in Poland, the United Kingdom, and Hungary. Greenvolt anticipates significant investments in BESS in the coming years, as this technology becomes increasingly important in the energy transition.

With asset rotation sales exceeding €500 million in the first half of the year, Greenvolt is strengthening its capacity to finance the next investment cycle in the global markets where it operates, spanning 20 countries across Europe, North America, and Asia.

João Manso Neto, CEO of Greenvolt Group, stated: “This capital increase is part of the path we have been building together with our shareholder and once again demonstrates their commitment to Greenvolt’s strategy. It provides us with the financial resources necessary to accelerate the execution capabilities we have consistently demonstrated and to further strengthen Greenvolt’s position as a key player in the energy transition.”

The first phase of this capital increase, totaling €100 million, will be completed in the coming days, while the second phase, corresponding to the remaining €50 million already approved, is expected to be completed before September 30, 2025.

About Greenvolt Group

Greenvolt, a company in KKR’s portfolio, is a 100% renewable energy group operating in 20 geographic areas across Europe, North America, and Asia. The Group offers renewable solutions across three business segments:

Sustainable Biomass: generates energy from urban forest and woody waste in seven plants located in Portugal and the United Kingdom;
Utility-Scale: develops wind, solar photovoltaic, and large-scale storage projects in various European markets, the U.S., and Japan, with a total portfolio of 13.2 GW;
Distributed Generation: focuses on B2B solutions for the installation, maintenance, and financing of solar photovoltaic self-consumption projects (both individual and collective), as well as electric mobility, LED lighting, rooftop installations, covered parking, and battery systems in several European countries and Indonesia.