Grenergy secures €175 million to fund 300MW Spanish PV portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
Grenergy closed the green financing for two solar PV projects in Spain. Image: Grenergy.

Spanish independent power producer Grenergy has secured €175 million (US$190 million) in green financing for the construction of a 300MW Spanish solar portfolio.

The portfolio comprises two PV projects, with a capacity of 250MW and 47MW, respectively. The first project – called Tabernas – will be located in the southern region of Andalusia, while the 47MW José Cabrera project will be located in northern Spain, in 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

Both projects are part of a solar portfolio sale reached last year with asset management company Allianz Capital Partners for €270.6 million, with the assets expected to be transferred in the first half of 2025.

The green financing agreement was signed with Spanish bank Banco Santander, Japanese financial group Mitsubishi UFJ Financial Group (MUFG) and investment entity Natixis.

Aside from its home country of Spain, Grenergy operates in ten other countries, including Chile – where it recently signed what has been claimed as the world’s largest’ solar-plus-storage power purchase agreement, the US with the acquisition of energy developer Sofos Harbert, Germany, and Poland. It currently has a renewable portfolio of over 15.5GW in different phases of development.

Late last year the company unveiled its plan to invest US$2.6 billion in expanding its solar PV and energy storage portfolio to 5GW and 4.1GWh respectively by 2026.

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.

Read Next

June 18, 2025
Spain has released the results of its investigation into the April blackout, which ruled out renewables as the cause of the disruption.
June 17, 2025
The European Investment Bank (EIB) will invest €1.6 billion to support the construction of the Bay of Biscay interconnector.
June 11, 2025
Origis Energy has secured a financing package from MUFG to support the development of a 350MW solar portfolio in the US.
June 9, 2025
Sonnedix has signed a power purchase agreement (PPA) with Renfe to supply 420GWh of renewable energy annually for its commercial operations.
June 4, 2025
Independent power producer (IPP) Enlight Renewable Energy is expanding its Gecama Wind Project in Castilla La Mancha, Spain, by integrating solar PV and battery energy storage systems.
June 4, 2025
Independent power producer (IPP) Grenergy has acquired 1GW (298 units) of inverters from Spanish manufacturer Ingeteam for its 2GW/11GWh Oasis de Atacama solar-plus-storage project in Chile. 

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico