Grenergy Secures EUR 175M for 300 MW Solar Projects

• Grenergy Renovables secures EUR 175 million for two solar farms in Spain, set to generate over 550 GWh annually. A bright future for renewable energy!

Spanish renewables developer Grenergy Renovables SA has secured EUR 175 million in green financing from Banco Santander, MUFG, and Natixis to build two solar farms in Spain. The funds will be used to construct a 250 MW solar project in Almeria and a 47 MW project in Guadalajara, with a total capacity of close to 300 MW.

The Tabernas project in Almeria will generate around 466.6 GWh per year, while the Jose Cabrera project in Guadalajara will produce an estimated 90.5 GWh annually. Both projects are set to be sold to Allianz SE and other institutional investors in the first half of 2025.

What is the total capacity of the two solar farms in Spain?

• The total capacity of the two solar farms in Spain is close to 300 MW
• The Almeria project has a capacity of 250 MW
• The Guadalajara project has a capacity of 47 MW