Grenergy has unveiled its growth plans, closely linked to its strategic commitment to energy storage, which is key to advancing the decarbonisation of the energy system for a green and sustainable future. As part of the event, the company announced an investment of €2.6 billion until 2026.
Of the total, €1.5 billion will be allocated to the development of its portfolio of photovoltaic projects and €800 million to boost battery storage. With development teams in eleven countries across its three main regions (Latin America, Europe and the United States). Reportedly, the company has a 15.5 GW platform in various stages of development and has successfully sold a total of 1.1 GW. It also presented for the first time its Ebitda (Gross Operating Profit) target, which will be €300 million by 2026.
Furthermore, the company has also announced its new three-year installed capacity targets. It has set its gross installed solar capacity for 2026 at 5 GW, while its renewable energy storage capacity has been raised to 4.1 GWh. The company will rotate up to 450 MW of installed solar capacity per year to finance its growth plans.
In October 2023, Grenergy decided to divest 300 MW of solar capacity from two solar facilities in Spain to Allianz Capital Partners on behalf of Allianz insurance firms and other institutional investors for €270.6 million. Reportedly, the acquisition will be completed by the end of June 2025.
