Grenergy

Relevant News Item 24th February 2025

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…

In the World 8th January 2025

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…

In the World 30th October 2024

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…

In the World 24th September 2024

Grenergy buys 100% of a 77 MWp operating project and 923 MWp of solar projects in northern Chile

Grenergy_exit_bagLink Securities | Grenergy (GRE) reported on Sunday its results for the first half of the financial year (1H2024), of which we highlight the following aspects: Revenues: €192.3m (-15.0% year-on-year), of which Energy revenues reached €25.9m (-3.0% year-on-year). Operating cash flow (EBITDA): €31.0 million (+43.0% year-on-year) Net operating profit (EBIT): €22.1 million (+60.0% year-on-year) Net profit: €0.4 million (-89.0% year-on-year) Net financial debt: €736.5m (+27% year-on-year) DFN/EBITDA ratio: 6.6x (times)…

World economy 15th January 2024

Grenergy signs strategic agreement with China’s BYD to supply batteries with 1.1 GWh capacity in Chile

Alphavalue / Divacons | The renewable energy group has signed a strategic agreement with China’s BYD for the supply of large-scale storage systems through batteries with a capacity of 1.1 gigawatt hours (GWh) for its Oasis de Atacama project in Chile. As part of this collaboration, BYD will supply Grenergy with a total of 2,136 installations of its MC Cube ESS model. This storage system is equipped with Blade batteries,…

Companies, Spanish economy 14th February 2023

Grenergy acquires 60% stake it did not already hold in Sofos Harbert Renewable Energy.

Norbolsa | The renewable energy company announces the purchase of the remaining 60% it did not already own of the photovoltaic and battery project developer Sofos Harbert Renewable Energy, consolidating its commitment to the US renewable energy market. This acquisition comes ahead of the three-year term of the initial contract and will become Grenergy’s subsidiary in the country. It is currently developing a portfolio of 1.9 GW of solar power…

I.R. Spain 16th November 2020

“More Analysis of Stocks is Needed if We Want Alternative Sources of Financing to Banks”

Fernando Rodriguez | Daniel Lozano, Director of Investor Relations and Communications at Grenergy, was the winner in the rising star category at the IR Magazine awards – Europe 2020. Lozano began his career as a financial analyst at Abengoa and was part of the teams that helped MasMovil and more recently Genergy, whose team he led, to move from MAB -now BME Growth- to the Continuous Market; so far, the only companies to do so.

Interviews 6th August 2020

“In The International Arbitrations, The Spanish Regulator Agreed With The Electricity Oligopoly’s Arguments”

Mari Pinardo | Rocío Hortigüela, member of Grenergy’s Board of Directors, explains that a “healthy struggle” between the regulator and the regulated is natural. “But when the forces can be unbalanced in certain situations of crisis or misgovernment, we need to rely on a truly independent and agile judicial system to put things back in order,” she adds. “Unfortunately, in Spain’s case, when these imbalances have occurred in recent history, the judicial system has proved to be neither agile nor independent,” says.