Qualitas Backs Greening's 90.2-MWp Solar Project in Spain

• Greening partners with Qualitas Energy, securing EUR 34.5M to boost Spain's solar power, driving the nation's shift to sustainable energy.

Spanish renewable energy company Greening has secured a financing agreement with local investor Qualitas Energy, obtaining EUR 34.5 million to support a 90.2-MWp solar project portfolio in Spain. This collaboration aims to enhance Greening's capacity to expand its renewable energy initiatives within the country.

The investment underscores Qualitas Energy's commitment to supporting sustainable energy projects and aligns with Spain's broader goals of increasing renewable energy production. The funding will facilitate the development and implementation of Greening's solar projects, contributing to the nation's transition towards cleaner energy sources.

How will Greening's EUR 34.5 million funding impact Spain's renewable energy goals?

• Accelerates the achievement of Spain's renewable energy targets by increasing solar energy capacity.
• Supports Spain's goal of reaching 74% renewable electricity by 2030.
• Contributes to reducing Spain's carbon emissions in line with EU climate objectives.
• Enhances local job creation in the renewable energy sector.
• Encourages further investment in Spain's renewable energy infrastructure.
• Strengthens Spain's energy independence and security by reducing reliance on fossil fuels.
• Promotes technological innovation and development in the Spanish solar energy market.
• Aligns with Spain's National Energy and Climate Plan (NECP) for 2021-2030.
• Demonstrates the viability and attractiveness of renewable energy projects to investors.