Grenergy eyeing EU solar expansion following REPowerEU plan

May 25, 2022 09:30 AM ET
  • Spanish renewables developer Grenergy is wanting to increase its presence in Europe in five new markets in the wake of the continent's REPowerEU plan.
Grenergy eyeing EU solar expansion following REPowerEU plan
Image: Grenergy

Among the nations the designer is targeting to increase is Germany, the leader in Europe in terms of renewable targets as well as the largest PV market in the continent.

Various other prospective countries Grenergy is going for in Europe include Austria, Hungary, Czech Republic and Romania.

The energy transition from the EU to accelerate its targets as well as provided in the REPowerEU earlier this month surpassed Grenergy's assumptions as well as is an "unprecedented chance" for the company, stated David Ruiz de Andrés, CEO at Grenergy.

" Renewables and particularly PV and also storage space will be certainly booming all around the continent in the next decade."

Ruiz de Andrés additionally claimed the continent would certainly "show the way" for the designer's worldwide development, with Grenergy experiencing faster growth in Europe than any other region.

The Spanish designer is presently in 4 European countries, with a pipeline of 2.2 GW in Spain alone, and almost another 2GW in between Italy, the UK and Poland, most of which is solar PV.

But it is Latin America that stays the company's core market a generation pipe of 5GW, primarily from solar PV, and also 2.6 GWh of battery storage space, an additional market the company has increased its presence in.

Grenergy's total pipeline of solar PV as well as wind projects got to 11.5 GW, with 811MW of solar PV backlog projects of which more than 500MW are near the building and construction stage in Spain, as the firm awaits receipt of building and construction permits.

Last month, Grenergy inaugurated a solar plant in Colombia were it is eyeing a pipe of 1GW of solar PV in the South American country.

Solar Installers, Manufacturers