Greenvolt, via Greenvolt Next, has completed the construction of a 4 MW photovoltaic plant at the Sanofi industrial complex in Waterford (Ireland).
The project was structured by a Power Purchase Agreement (PPA) that did not require initial capital from the pharmaceutical company, guaranteeing renewable electricity at a stable price and greater long-term operational security.
The installation, made up of more than 5,700 panels and 10 inverters, is already in operation and is expected to generate around 3.2 GWh per year — approximately 20% of the complex’s energy needs — avoiding the emission of 950 tons of CO₂ annually.
The execution took place in four months and mobilized a multidisciplinary team of more than one hundred professionals. Greenvolt Next will ensure operation and maintenance for 20 years.
João Manso Neto, CEO of the Greenvolt Group, states that “this project reflects the confidence placed in our technical competence and execution capacity by a global company of Sanofi’s size, reinforcing our leadership in the commercial and industrial renewable energy segment”.
Cian O Brien, operations manager in Waterford at Sanofi Ireland, maintains that “generating renewable energy in our own industrial complex is vital to meeting our sustainability objectives, namely achieving net zero greenhouse gas emissions by 2045”.
Also according to O Brien, “with the experience of Greenvolt Next Ireland, we will be able to significantly reduce our dependence on the grid”.
Greenvolt Next, a pan-European distributed generation platform present in 12 countries, positions itself as a supplier of renewable solutions for commercial and industrial customers, focusing on models that combine reduced energy costs and decarbonization goals, highlights the energy company in a statement.