Warrington–based Greenvolt Next UK – part of the global Greenvolt Group – is to invest £50 million in distributed generation aiming to achieve 500mw of commercial and industrial clean energy capacity by 2028.
The investment is part of a £320 million investment in the UK to achieve 1GW renewable capacity by the same year.
Most of Greenvolt’s installations will be solar, supporting the UK Government’s ambitions to triple solar PV capacity to 45–47 GW by 2030, as outlined in its Solar Roadmap. A key focus of the roadmap is rooftop solar, particularly on commercial buildings such as warehouses, with an identified potential of up to 15 GW. This emphasis highlights the strategic importance of decentralised solar generation in achieving the UK’s renewable energy targets.
Greenvolt Next UK is currently managing a range of sales pipeline amounting to 150 MW and including a PV solar installation at the Birchwood Shopping Centre in Warrington.
João Manso Neto, chief executive officer of the Greenvolt Group, said: “Our €320 million commitment to the UK over the next three years reflects both the opportunity we see in the market and Greenvolt’s determination to lead in clean energy solutions across distributed generation, utility-scale and sustainable biomass – where we operate a strategic cluster in the southern region near London with two plants. There is vast opportunity in the UK for the adoption of solar in particular, and we are pleased to support the UK’s ambitious goals.”
Greenvolt Next UK is a recent addition to the Group’s distributed energy footprint. The €50 million investment will support the development of a portfolio of commercial and industrial projects with a target capacity of 500MW by the end of 2028. Greenvolt Next UK aims to help large UK businesses to produce, consume and manage their own green electricity, such as through rooftop solar installations on warehouses and industrial buildings, contributing to lower electricity expenditure, reduce dependency on the grid and meet decarbonisation goals.