Greenvolt has secured €35 million in financing for the construction of a large-scale hybrid project in Høegholm, Denmark, which combines solar photovoltaics and battery storage (BESS), the group announced today.
In a statement, Greenvolt said that the ‘project finance’ signed by Greenvolt Power with Ringkjøbing Landbobank aims to build a hybrid project with a total expected capacity of more than 150 Megawatts (MW), integrating 97.36 MW of solar generation and 55–60 MW (110–120 Megawatts/hour (MWh)) of storage capacity.
The estimated annual production of the project – currently under construction in the eastern region of Denmark and scheduled to come into operation in the first quarter of 2026 – is 97 Gigawatts/hour (GWh).
Quoted in the statement, the executive president (CEO) of the Greenvolt group, João Manso Neto, highlights that hybrid projects like this, which combine solar and batteries, “allow the production and use of renewable energy to be optimized”.
He also highlights that they are “a way of further differentiating and valuing the assets” of Greenvolt, reinforcing “the interest of institutional ‘stakeholders’, namely financing entities”.
In turn, Jørn Nielsen, ‘managing director’ at Ringkjøbing Landbobank, states that “the financing of sustainable and responsible projects is fully aligned with the strategy” of the institution.
“We are pleased to support Greenvolt in this project in Høegholm, which generates real impact at a regional level and contributes to national energy goals”, he maintains.
Adrian Góralski, from Greenvolt Power, highlights that the conclusion of this ‘project finance’ agreement with Ringkjøbing Landbobank “was a collaborative process that will allow the development of a project that is relevant not only for Greenvolt, but also for the energy transition in Denmark and Europe”.
Integrated into the portfolio of North American Kohlberg Kravis Roberts (KKR), Greenvolt currently has a ‘pipeline’ of 14.1 Gigawatts (GW) in ‘utility-scale’ projects under development in Europe, the United States and Asia, covering the solar, wind and ‘storage’ (storage) segments, claiming in the latter a place “among the largest developers Europeans”, with a total pipeline of 4.7 GW.
The group also develops activities in the sustainable biomass and distributed energy generation sectors.
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