The agreement signed with Flora Food Group will lead to the installation of 1,485 solar panels at the facilities in Portugal, located in Santa Iria da Azóia, in the municipality of Loures. In Germany, in Upper Saxony, more specifically in the city of Wittenberg, another 3,483 panels will be installed at the Flora Food Group manufacturing unit.
The panels installed at the Portuguese unit, in a project that will be developed through Greenvolt Next Portugal, will have a capacity of 861.3 kWp, allowing this factory to generate 1.1 GW/h of clean energy annually. In Germany, the Greenvolt Next affiliate - Energy Partners (MaxSolar Group), will install solar panels with a capacity of 1,999 kWp, generating 1.99 GW/h per year. In both projects the energy bill is expected to be reduced by around 20%.
"These are significant Distributed Generation projects that Greenvolt will execute through the various subsidiaries we have, showcasing the strength behind the pan-European platform that Greenvolt Group has been developing", said João Manso Neto, CEO of Greenvolt.
Greenvolt was recently acquired by an affiliate of investment funds advised by global investment firm KKR, through its Global Infrastructure strategy. “Being majority owned by KKR provides the support needed to accelerate Greenvolt's growth plan, while also providing the opportunity for collaboration with other companies in KKR's global portfolio, such as with Flora Food Group, primarily In distributed energy generation,” added João Manso Neto.
"The partnership with Greenvolt aligns perfectly with our sustainability goals. By installing solar panels at our facilities in Portugal and Germany, we are making tangible progress in reducing our energy footprint while enhancing operational efficiency," said Laurent Lavenut, Chief Operations and Product Officer, Flora Food Group.
Distributed energy generation is one of the growth pillars of the Greenvolt Group, which continues to grow its pan-European self-consumption platform, now operating in 13 geographies. It is a global reference in the development of large projects (Utility-Scale), both wind and solar and battery solutions, in 16 countries, and is also one of the most important players in the generation of clean energy through residual biomass in Portugal and the United Kingdom, where it owns Tilbury Green Power and Kent Central.
Greenvolt, a company within KKR's portfolio, is a 100% renewable energy Group with operations spanning across 20 geographies in Europe, North America, and Asia. The Group provides renewable solutions in three core business areas: Sustainable Biomass – through Greenvolt Biomass – producing energy from forest residues and urban waste wood through 7 power plants in Portugal and the UK; Utility-Scale – through Greenvolt Power – developing large scale wind, solar PV and storage projects in several European markets, in the USA and Japan, with a total pipeline of 9.3 GW; and Distributed Generation – through Greenvolt Next – focusing on B2B solutions for the installation, maintenance and financing of solar PV for individual and collective self-consumption, as well as electric mobility, LED, rooftops, carports, batteries, in several geographies across Europe and Indonesia.
