Greenvolt has teamed up with Green Mind Ventures (GMV) to create Sustainable Energy One (SEO), which aims to promote, acquire, and develop photovoltaic solar energy projects in the Spanish market. The management of SEO, which will invest 170 million euros over the next five years, will be available in charge of Ignacio Madrid.
This joint venture is focused on small and medium-sized solar photovoltaic projects, up to 10 MW. The goal is to develop and subsequently sell a total of 250 MW by 2028.
These small and medium-sized projects, similar to those of distributed energy generation, support several advantages over their large size. In addition, it allows for an expansion of the capillarity network and greater market importance, greater flexibility in the greater capillarity network and greater importance of the market transition time of greater relevance for the transition of its renewable energy market, significantly longer for the energetic transition.
João Manso Neto, CEO of Greenvolt, says that “the commitment to SEO is the result of its differentiated vision regarding distributed energy generation, as well as its orientation and access to photovoltaic solar energy projects, but also its management and execution capacity. these projects already demonstrated in Spain”.
“We are aligned with Greenvolt’s vision for the energy transition, and we are complementary. The vision, talent, and execution capacity of João Manso Neto and his team, his international vocation and financial solidity, make Greenvolt a perfect partner for this investment vehicle and for future initiatives”, says Ignacio Madrid, former CEO of Galp Solar and managing partner of Green Mind Ventures.
