10.January 2020

Greencells Group installs record 500 MWp in 2019

Germany-based Greencells Group concludes its strongest business year since its founding in 2007, installing a record 500 MWp in 2019 alone and generating a revenue of over $100 mio. The Group’s track record now features 128 solar plants with a cumulated capacity of 1,9 GWp worldwide.

Showcasing projects on global scale, the Group ventured out into new geographies from its traditional European home market. In the Middle East, it starred with two projects in one of the world´s largest solar parks in Benban, Egypt - an essential building block of Egypt´s sustainable energy agenda. Greencells Group constructed two utility-scale plants within the park: A 50 MWp plant for Enneray and a 126 MWp plant for Norwegian project developer Scatec. The latter is one of the first utility-scale solar plants outside of China to utilize bi-facial glass modules capturing sunlight reflection from the ground. Both projects were IFC- and EBRD-funded.

As for the Asian market, completion of a 27 MWp plant in General Santos, Philippines, has proven Greencells Group’s capacity to operate under challenging conditions. Despite a tense political situation, with the Mindanao province being under martial law, Greencells Group were poised to provide full EPC for the construction of this plant. It is now supplying renewable energy to the 600.000 inhabitants of General Santos.

In a strong boost in European key markets, the Group has concluded 3 projects in the Netherlands for project developers Kronos and Goldbeck, totaling 129 MWp. Amongst these is the 103 MWp plant in Midden Groningen, one of the largest Dutch photovoltaic power plants and the first one to be connected to the Dutch 100kV high voltage grid. Deploying its strong EPC track record, Greencells Group was also able to make a solid market entrance in Hungary providing full EPC and grid connections for 3 new plants totaling over 57 MWp.

“Deploying our teams globally to install a cumulated 500 MWp in one year proves that we have taken our capabilities and organization to the next level.” says Group CEO Andreas Hoffmann. “A considerable number of projects was subject to extraordinary geographic and political conditions. Their successful conclusion shows our capacity of delivering complex and challenging projects with global remit while always maintaining our high-quality standards, fast deployment and socially responsible work ethos.”

With a well-filled project pipeline and the current favorable market conditions in solar power generation, 2020 outlook for Greencells Group is highly positive.