Greenvolt sells 231 MW of energy projects in Spain to Transiziona for €195mn

Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.

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Greenvolt Group has announced the sale of a 231 megawatt (MW) portfolio of solar and wind energy projects located in Spain to Transiziona, a company owned by White Summit Capital. The transaction, carried out through its joint venture with Green Mind Ventures, is valued at €195mn ($211mn) and includes a total of 28 projects at various development stages.

A hybrid portfolio spread across several phases

The agreement includes a forward sale to commercial operation date (COD) of projects representing 145 MW, along with a greenfield portfolio of an additional 86 MW. This transaction strengthens Greenvolt’s asset rotation strategy, aimed at monetising large-scale project development by selling the majority of assets before they become operational.

Greenvolt had previously announced, over the past two months, the sale of similar utility-scale projects in Poland totalling €333mn ($360mn). With this Spanish transaction, total disposals by the group in 2025 now amount to approximately €530mn ($574mn), according to figures released by the company.

Upstream divestment model prioritised

A subsidiary of investment firm KKR, Greenvolt follows an asset rotation model focused on selling 70% to 80% of its utility-scale projects once they reach the Ready-to-Build (RtB) or COD phases. This model is designed to free up resources for its expanding development pipeline.

The company reports holding a total pipeline of 13.2 gigawatts (GW) across 18 markets, with plans to advance at least 5.3 GW to RtB stage by year-end. This approach allows Greenvolt to maintain market positioning without locking capital in operational assets.

A strategy aligned with industry trends

“This transaction in Spain, which follows divestments in Poland, shows our capacity to develop large-scale projects at different phases,” said João Manso Neto, Chief Executive Officer of Greenvolt Group, in a statement issued on 3 June.

Transiziona, the acquiring entity, is part of White Summit Capital, an investment firm specialising in sustainable infrastructure. No further details were disclosed regarding the project financing structure or the anticipated closing timeline.

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