Grupo Greening Exceeds Solar Farm Sale Target in Spain
- Grupo Greening shines bright with the sale of eight solar farms in Spain, exceeding asset rotation targets and paving the way for future growth in clean energy.
Grupo Greening, a Spanish clean energy solutions provider, has sold eight solar farms with a total capacity of 54.78 MW in southern Spain to Amperiosol Renewables for EUR 47.93 million. Some of the solar farms are already operational, while others are still under construction. The transfer of the solar farms is expected to be completed by the second quarter of 2025, generating a capital gain of EUR 205,000 per MW for Grupo Greening.
This sale exceeds Grupo Greening's asset rotation target for 2024 by 10%, as the company had aimed to rotate 50 MW of assets by that year. The strategic plan also includes a target to rotate 450 MW of wind farms by 2026. The deal with Amperiosol Renewables aligns with Grupo Greening's strategic plan and allows the company to continue its growth in the renewable energy sector.
How does Grupo Greening's sale of solar farms align with its strategic plan?
- The sale of the solar farms aligns with Grupo Greening's strategic plan to rotate assets, as the company had aimed to rotate 50 MW of assets by 2024 and this sale exceeds that target by 10%.
- Grupo Greening's strategic plan also includes a target to rotate 450 MW of wind farms by 2026, showing the company's commitment to expanding its renewable energy portfolio.
- The deal with Amperiosol Renewables allows Grupo Greening to generate a capital gain of EUR 205,000 per MW, which will contribute to the company's financial growth and stability.
- By selling the solar farms, Grupo Greening can focus on developing new renewable energy projects and investing in other areas of the clean energy sector, in line with its long-term strategic goals.
- The sale of the solar farms to Amperiosol Renewables demonstrates Grupo Greening's ability to strategically manage its assets and make profitable business decisions in the renewable energy market.
