GreenVolt - Energias Renováveis announced this Monday that it has reached an agreement to enter the Icelandic renewable energy market, through its subsidiary V-Ridium.
The deal includes the purchase of a project for the development of a wind farm that will have an installed capacity of 90 MW.
In a country that has been "a worldwide example in promoting power generation from renewable sources," Greenvolt says in a statement, the wind farm to be built will be the first utility-scale project of its kind in the country.
Read Also Greenvolt starts operations in the Italian, Bulgarian and Romanian markets Iceland already guarantees its energy needs from 100% renewable sources.
"Iceland is, already today, a world reference in terms of renewable energy. This project marks the arrival of GreenVolt to one more market, continuing its global growth strategy," said João Manso Neto, CEO of GreenVolt, in the same statement.
Along with energy production from biomass, from forest, agro-forestry and urban waste, in Portugal and the UK, GreenVolt is a promoter of wind and solar photovoltaic projects, operating in several European markets and in the American market, with a pipeline of 5.8 GW - with 4 GW under construction, ready to build or at an advanced stage of development. Read also Greenvolt pays 3 million euros for 51% of Polish KSME