The transaction encompasses a forward sale of projects with a combined capacity of 145MW and a greenfield platform with an additional capacity of 86MW. Credit: Nordic Studio/Shutterstock.

Greenvolt Group, a renewable energy company within the KKR portfolio, has agreed to divest a 231MW wind and solar project portfolio in Spain to Transiziona, owned by White Summit Capital.

The transaction, valued at €195m ($222.2m), encompasses a forward sale of projects with a combined capacity of 145MW and a greenfield platform with an additional capacity of 86MW.

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This latest deal in Spain brings Greenvolt Group’s total asset sales in 2025 to €530m, following previous disposals of utility-scale projects in Poland worth €333m.

Greenvolt is executing its strategy to rotate 70% to 80% of its large-scale projects to ready-to-build or commercial operation date phases, with a 13.2GW pipeline across 18 countries and a target to reach 5.3GW ready-to-build by the end of 2025.

Greenvolt Group CEO João Manso Neto stated: “This transaction in Spain, which follows recent divestments in Poland, clearly demonstrates Greenvolt’s ability to develop large-scale renewable projects at various stages and across different technologies. These projects attract market interest and enable us to capitalise on our asset rotation strategy, while continuing to build a robust project pipeline.”

Greenvolt Power, also part of Greenvolt Group, recently agreed to sell a 33.2MW wind farm portfolio in Poland to Enea Nowa Energia for €83.3m.

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The Skibno wind farm, with 10MW capacity, is already operational in northwestern Poland. Three additional projects with Vestas V110 turbines are under construction, with commercial operation dates expected throughout 2026.

The Zaklików wind farm in southeastern Poland and the Nowe Miasto Lubawskie and Jabłonowo Pomorskie wind farms in the north have an installed capacity of 6.6MW and 10MW, respectively.

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