Greenvolt Group, a developer of clean energy projects, announced a €150 million (~$173 million) share capital increase, fully subscribed by its shareholder KKR.
The share capital increase will be implemented in two phases. The first phase of this capital increase, totaling €100 million (~$115 million), is expected to be completed soon. The second phase, corresponding to the remaining €50 million (~$58 million) already approved, is expected to be completed by September 30, 2025.
This transaction is said to strengthen the company’s capacity to execute its business plan, especially in the area of utility-scale battery energy storage systems, a segment in which the company has a probability-weighted pipeline of 4.3 GW across nine countries, with projects already underway in Poland, the U.K., and Hungary.
“This capital increase is part of the path we’ve been building alongside our shareholder and once again demonstrates its commitment to Greenvolt’s strategy. It gives us access to the financial resources needed to accelerate the execution capabilities we have consistently demonstrated and to further strengthen Greenvolt’s position as a key player in the energy transition”, said, João Manso Neto, CEO, Greenvolt Group.
With first-half asset rotation sales exceeding €500 million (~$575 million), the company is said to be strengthening its capacity to finance the next investment cycle across the global markets where it operates.
In March, the company signed a €36 million (~$39.34 million) project finance with UniCredit Bank Hungary for the construction, operation, and maintenance of a 57 MW solar project in Hungary. It is also expecting significant investments in BESS in the coming years, as this technology becomes increasingly central to the energy transition.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, solar public market financing totaled $467 million in five deals, 73% lower than $1.7 billion across eight deals in 1H 2024.
