The Greenvolt Group recently won 5% of the solar power generation capacity offered for sale at the first auction of the year in Germany. Through its subsidiary MaxSolar, Greenvolt has acquired the right to develop approximately 100 MW of large-scale solar projects in a reference market in renewable energy.
The auction was organized by the Bundesnetzagentur, Germany’s federal grid regulatory agency, which put up for sale about 1,950 MW of large-scale solar capacity. A total of 347 bids were registered for a total capacity of 2,869 MW, well above the amount auctioned. MaxSolar won approximately 100 MW in this highly competitive auction.
Greenvolt strengthens its position in Germany with MaxSolar
Greenvolt Group CEO João Manso Neto said, “In this highly competitive auction, Greenvolt, through its German subsidiary, won all the licenses it had applied for, further strengthening its portfolio of large-scale solar power projects.”
MaxSolar, founded in 2009, is a leading company in the development, implementation and management of photovoltaic projects in Germany and Austria. It has grown significantly, with 34.5 MWp already built, 41 MWp under construction and 14.5 MWp “ready to build”. This year, it acquired the SEAC Group in Germany, a company with a portfolio of 3.1 GW.
The German market, a priority for Greenvolt
“The German market is of extreme importance to us, both because of its already established reputation in the global renewable energy sector and the ambitious targets set for 2030,” said Greenvolt’s CEO, highlighting Germany’s goal of having 300 GW of solar capacity by the end of the decade.
Thanks to these acquisitions and its development capacity, Greenvolt Group is well positioned to achieve its renewable energy objectives and contribute to the global energy transition.
