Greenvolt Power USA

Overview
Current-gen renewables?
Product stageSegments
Early
?
Solar+Storage project developers and operators, Wind project developers and operators
?

Greenvolt Power is a leading global producer of renewable electricity, specializing in wind and solar utility-scale projects. The company has accumulated over 15 years of experience through its management team and has successfully developed 8.4 GW of projects across 17 different markets as of 2022. Greenvolt Power's offerings encompass a comprehensive range of services, including project development, financing, construction, and asset management.

In the development phase, Greenvolt Power meticulously handles all aspects, from acquiring and verifying suitable locations to obtaining necessary administrative approvals and construction consents. The company leverages its extensive expertise to tailor wind and solar development projects to meet investors' specific requirements.

Greenvolt Power boasts a strong track record in securing financing and refinancing for projects, backed by its credibility with financial institutions and robust credit rating. Its team of experts conducts thorough project evaluations using advanced financial models and analyses.

During the construction phase, Greenvolt Power prioritizes speed while maintaining the highest standards and optimizing solutions. The company's experienced team of engineering staff and technical support ensures seamless management throughout the development, construction, and operations and maintenance (O&M) phases.

Greenvolt Power offers comprehensive asset management services, ensuring optimal operation, maintenance, and performance of clients' assets. Its team of highly qualified specialists provides technical, operational, and commercial management services, along with tailored reporting. The company has developed its proprietary software, Green Energy Operating System (GEOS), which incorporates unique features for monitoring wind and solar farms.

In 2023, Greenvolt Power acquired a 50% stake in the 163 MW Goshen Solar Project in Wyoming, US, through a joint venture with Cowboy Energy LLC. This partnership aims to accelerate the development of renewable energy sources in the region. Additionally, in January 2024, Greenvolt Power entered into a strategic collaboration with RedWind Renewables, a prominent utility-scale developer, to jointly develop several renewable energy projects across the US.

Greenvolt Power achieved a significant milestone in December 2023 by winning a capacity auction in Poland, securing 1.2 GW of capacity for six battery energy storage system (BESS) projects. This accomplishment represents over 70% of the total capacity awarded to BESS technology in the auction and includes a 17-year commitment for capacity payments.

Key customers and partnerships

Some of Greenvolt Power's notable customers and partnerships include:

BD: Implemented a renewable energy solution at BD's Enniscorthy plant, featuring a 584KW solar PV system and a 1.4MW heat pump system.

Eli Lilly: Partnered to develop a 9.5MW solar farm in two phases at Dunderrow, Kinsale, Ireland.

DPD Ireland: Recommended and implemented a 1.3MW solar system, contributing to 11% of the facility's electricity demands.

Fexco: Installed a 188KW solar farm to support Fexco's sustainability journey.

Tesco: Installed multiple solar systems, including a 500KW biomass boiler at their Galway store in 2023.

McAuley Feeds: Installed a 200KW ground-mounted solar system.

Guerbet: Designed, constructed, and installed a 2.4MW solar farm, meeting 18% of Guerbet's electricity requirements through a 20-year power purchase agreement (PPA).

Kepak: Installed a 2MW wind turbine, contributing up to 70% of the site's energy during operating hours and resulting in an annual saving of 1,350,000Kgs of CO2.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Boston MA USA
Founded year:
2022
Employees:
101-250
IPO status:
Private
Total funding:
USD 116.0 mn
Last Funding:
USD 96.0 mn (Debt Financing; Nov 2023)
Last valuation:
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Key competitors
 
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