The Greenvolt Group, through Greenvolt Power, has signed a €35 million project finance agreement with Ringkjøbing Landbobank to finance the construction and operation of a large-scale hybrid project in Høegholm, Denmark, combining solar photovoltaic generation and battery energy storage (BESS).
The project integrates 97.36MW of solar generation with a 55–60MW/110–120MWh battery energy storage system, designed to enhance grid flexibility and optimise the use of renewable energy. The estimated annual solar production is 97GWh.
Currently under construction, the project is expected to reach Commercial Operations Date (COD) in the first quarter of 2026.
“Hybrid projects like this one, which bring together solar and battery storage, not only make renewable energy generation more efficient but also help us enhance and differentiate our assets, strengthening the confidence and interest of institutional partners, namely financing entities,”, said João Manso Neto, CEO of the Greenvolt Group.
“We are very pleased to finalise this project finance agreement with Ringkjøbing Landbobank. It was a collaborative process that will enable the development of a project relevant not only for Greenvolt, but also for the energy transition in Denmark and across Europe”, added Adrian Góralski, M&A and Project Finance Director at Greenvolt Power.
Part of KKR’s portfolio, Greenvolt Group currently has a 14.1GW utility-scale pipeline under development across Europe, the United States, and Asia, covering solar, wind, and BESS projects. In BESS, the company ranks among Europe’s leading developers, with a total pipeline of 4.7GW. The Group also operates in the sustainable biomass and distributed generation segments.
