Grenergy secures 259MW solar PV PPA in Spain

Facebook
Twitter
LinkedIn
Reddit
Email
The solar plant for which Grenergy secured a PPA is part of a 575MW solar energy project located between the Spanish regions of Madrid and Castilla la Mancha. Image: Grenergy.

Spanish developer Grenergy has signed a 15-year power purchase agreement (PPA) with chemical company LyondellBasell for a 259MW solar PV plant in Spain.

The energy purchase has been for the solar park ‘La Cereal’ which belongs to the 575MW ‘Clara Campoamor’ solar energy project that extends between the regions of Madrid and Castilla la Mancha.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The solar farm is expected to be operational in the first quarter of 2025 when the PPA contract will start.

Moreover, the agreement brings LyondellBasell’s target of procuring at least half of its electricity from renewable sources by 2030 to 70%, according to Willemien Terpstra, decarbonisation vice-president at LyondellBasell.

David Ruiz de Andrés, CEO of Grenergy, said: “Its development also strengthens the weight of our European portfolio, which we expect to double from the current 25% to 45% by 2025. A proven structure and ability to close PPAs is key to keeping up the pace of connections and achieving our strategic targets.”

Currently, the Spanish developer has 11.7GW of solar and wind projects under construction across the markets it operates in Europe, Latin America and North America.

As the company continues to accelerate the expansion of its European portfolio, Grenergy recently purchased the remaining 60% stake in solar energy facility developer Sofos Harbert Renewable Energy in order to strengthen its presence in the US market.

PV Tech publisher Solar Media will be organising the 11th annual edition of Large Scale Solar Europe in Lisbon, Portugal during 21-22 March. The event will explore the future solar markets of Portugal, Spain and Italy and with panels around securing faster grid connection, solar-wind hybrid projects and the integration of storage with solar PV among othersMore information, including how to attend, can be read here.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
24 March 2026
Lisbon, Portugal
Returning for its 14th edition, Large Scale Solar Europe is the essential meeting point for solar leaders across Europe. The event brings together developers, IPPs, investors, and policymakers to address critical challenges and accelerate solar’s pivotal role in achieving Europe’s Net Zero by 2050 goals.

Read Next

July 24, 2025
2025 will be the first time in over a decade that solar power additions decline in the EU, according to a mid-year report from SolarPower Europe.
July 24, 2025
Spanish independent power producer (IPP) Sonnedix has raised €2 billion (US$2.35 billion) through two refinancing transactions in Europe.
July 24, 2025
The Spanish Congress of Deputies has toppled the royal decree-law aimed at reforming the grid after the 28 April blackout, which affected the Iberian Peninsula.
July 18, 2025
Companies have signed 4.22GW of solar PV power purchase agreements in the first half of 2025, according to Swiss consultancy Pexapark.
July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.
July 3, 2025
Spanish IPP Zelestra has secured a €235 million (US$277 million) increase to its sustainability-linked loan, bringing the total to €770 million.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK