Greenvolt has secured a €35 million project finance agreement with Ringkjøbing Landbobank to fund the construction and operation of a large-scale hybrid project in Høegholm, eastern Denmark. The project combines 97.36 MW of solar photovoltaic (PV) generation with a 55–60 MW / 110–120 MWh battery energy storage system (BESS), designed to enhance grid flexibility and maximize the use of renewable energy. The project is expected to produce around 97 GWh of solar electricity annually.

Currently under construction, the project is scheduled 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,” said João Manso Neto, CEO of the Greenvolt Group.

Jørn Nielsen, Managing Director at Ringkjøbing Landbobank A/S, added: “Financing sustainable and responsible projects is fully aligned with our strategy. We are pleased to support Greenvolt in Høegholm, a project that delivers tangible regional benefits and contributes to Denmark’s national energy goals.”

Adrian Góralski, M&A and Project Finance Director at Greenvolt Power, commented: “We are very pleased to finalize this project finance agreement. 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.”

Part of KKR’s portfolio, the Greenvolt Group currently manages a 14.1 GW utility-scale pipeline under development across Europe, the United States, and Asia, covering solar, wind, and BESS projects. In battery energy storage, the company ranks among Europe’s leading developers, with a total pipeline of 4.7 GW. The group also operates in sustainable biomass and distributed generation segments.