Grenergy

grenergy

Grenergy to increase cumulative investment to €4.6 billion between 2025 and 2028

Report by Link Securities On Wednesday, Grenergy presented an update to its Strategic Plan for the period 2026–2028, during which the company projects an investment of €3.7 billion, of which €1.5 billion will be concentrated in 2028, the year with the highest investment expenditure under the plan. Specifically, Grenergy’s previous Strategic Plan set out an investment of €3.5 billion between 2025 and 2027. With the additional year of investment, Grenergy…


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Grenergy signs 12-year tolling agreement for Escuderos hybrid project

Renta 4 | Grenergy (GRE) has announced the signing of a financial tolling contract for its Escuderos hybrid project (200 MW of solar power and 680 MWh of storage) with the Spanish subsidiary of an international utility with an investment grade rating. The agreement covers 80% of the total capacity of the battery system (assuming 1.5 cycles per day) and sets the price differential on the day-ahead market. The contract…


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Grenergy establishes independent Sustainability Committee within Board of Directors

Alphavalue/Divacons | The renewable energy company notified the National Securities Market Commission (CNMV) on Thursday of the establishment ofan independent Sustainability Committee within its Board of Directors. This new structure aims to strengthen oversight of policies, risks and opportunities relating to ESG (environmental, social and governance) issues.


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Grenergy awarded capacity contracts for 760 MWh of storage in UK

Renta 4 | Grenergy has announced the award of capacity contracts for four storage projects in the UK, with an aggregate nominal power of 190 MW and a total capacity of 760 MWh, in the latest auction organised by NESO (National Energy System Operator), the UK’s electricity system operator. The contracts will begin to provide stability to the grid from October 2029 and will run for 15 years, with remuneration…


Grenergy

Grenergy wins contracts for storage projects in Poland worth €132 million

CdM | Grenergy has secured capacity contracts for five stand-alone storage projects in Poland in the latest auction organised by Polskie Sieci Elektroenergetyczne (PSE), the country’s electricity system operator. In total, the company has obtained a guaranteed minimum financial allocation of over €132 million. Starting in January 2030, these services will be remunerated at a fixed price (indexed to the CPI) of PLN 465.02/kW per year for the entire 17-year…


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Grenergy inaugurates ‘Monte Aguila’ hybrid plant, combining solar generation and storage, in El Cabrero, Chile

Alphavalue / Divacons | The renewable energy company held the groundbreaking ceremony for the ‘Monte Aguila’ hybrid plant, located in El Cabrero (Chile). The project will combine solar generation and storage with an installed capacity of 340 MW of solar energy and 960 MWh of battery storage. The total investment amounts to $264 million (approximately €228 million). This plant is part of the Central Oasis project in Chile and is…


Grenergy

Grenergy’s capex in battery storage projects to stabilise due to lower battery costs – down almost 50% in last two years

Singular Bank | Last week, Grenergy presented its Q2 2025 results with an EBITDA of €24 million, up 218% on the previous year, in line with consensus. Net profit was €3 million, compared to losses of €6 million a year earlier, although this was 12% below consensus. Net debt reached €815 million, up 12% quarter-on-quarter, following investments of €165 million, which increased by 124% year-on-year. The company maintains a solar…


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Grenergy revamps brand to position itself among leaders in energy storage with $2.6-billion investment plan until 2026

CdM | Grenergy has presented its new brand image, reaffirming its strategic commitment to lead the energy storage sector globally. To achieve its goal, the company presented an investment plan of $2.6 billion between 2023 and 2026. The plan, which is very focused on storage, “underlines its commitment to move towards a more sustainable and efficient energy model, based on offering a stable energy supply,” they say. ‘Green must go…


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Grenergy signs $324 million financing for phase 4 of Oasis de Atacama

Link Securities | Grenergy (GRE) has informed the National Securities Market Commission (CNMV) that it has signed senior non-recourse financing with BNP Paribas Securities Corp, Natixis Corporate & Investment Banking (Natixis CIB), Société Générale, The Bank of Nova Scotia and Sumitomo Mitsui Banking Corporation (SMBC) for an amount of $324 million. This financing, which covers phase 4 of Oasis de Atacama, corresponds to 269 MW solar and 1.1 GWh of…


Grenergy

Grenergy signs deal with Chinese supplier CATL for supply of batteries in Phase 4 of Oasis Atacama project, largest in Latin America

Renta 4 | According to press reports, Grenergy has signed an agreement with the Chinese supplier CATL for the supply of 1.25 GWh of battery storage, thus covering Phase 4 of the Oasis Atacama project (out of a total of 1.25 GWh). Assessment: Positive news. Currently, Grenergy only has BYD as its exclusive battery supplier (Phases 1, 2 and 3 of Oasis Atacama). The introduction of new suppliers should increase…