More than 300 MWp of wind and solar power capacity is already under construction in six countries, with Greenvolt projecting the sale of at least 200 MWp.
Portugal’s renewable energy company Greenvolt – Energias Renováveis has signed a memorandum of understanding to sell for about €18.8 million a wind power generation project with a capacity of eight MWp in Poland, it was announced on Tuesday.
In a statement released today, the company states that, “through Greenvolt Power, a subsidiary for large-scale renewable energy projects, an agreement has been concluded for the sale of this wind farm located in northwest Poland that assumes a price per MWp amounting to €2.35 million.”
“This farm, whose energy that will be generated will be consumed directly by the buyer (“Behind The Meter” solution, without injection into the grid), should be “Ready to Build” (RtB) during the third quarter of this year, reaching the state of “Commercial Operation Date” (COD) in the last months of 2024,” the company adds.
Quoted in the statement, João Manso Neto, CEO of Greenvolt mentioned that “this is an extremely relevant operation, in the sense that (the company) managed to achieve high figures per MWp for a Behind The Meter solution”, highlighting the advantage of this solution that allows overcoming the constraints associated with the connection of renewable energy projects to the electricity grid.
“We have seen a growing appetite for the renewable energy projects we develop and subsequently sell, following the asset rotation strategy we have committed to with our stakeholders,” adds the Greenvolt Group CEO.
In the statement, Greenvolt adds that “it is a developer of large-scale wind and solar photovoltaic projects, operating in several European markets and in the US market, with a pipeline of 6.9 GW – with 2.9 GW in RtB by the end of this year.”
“Currently, more than 300 MWp of wind and solar power capacity is already under construction in six countries, with Greenvolt projecting the sale of at least 200 MWp throughout this year in both Poland and Portugal,” it says.
The company adds that “in addition to energy production from biomass, from forestry and urban wood waste, Greenvolt operates in the strategic segment of distributed generation of renewable energy, both in the business and residential segments. It has a total backlog of 148.9 MWp, to which 52.5 MWp of PPAs (power purchase agreements) are contributing, and of these, 30.2 MWp through Greenvolt Communities”.