Grenergy Renovables
Grenergy Renovables is a publicly listed Spanish IPP and renewable project developer operating utility-scale solar and battery storage assets across Europe, Latin America, and the US. It monetizes through long-term PPAs, tolling agreements, capacity markets, and asset rotation to institutional investors, with emerging data center infrastructure via the GR Data platform.
- Company typePublic
- Founded2007
- HeadquartersMadrid, Spain
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Grenergy Renovables does
Grenergy Renovables is a publicly listed Spanish independent power producer (IPP) and renewable energy project developer founded in 2007 and listed on BME Growth (ticker: GRE) since 2015. The company develops, builds, finances, and operates utility-scale solar photovoltaic plants and battery energy storage systems (BESS) across 12 countries in Europe, Latin America, and North America, with headquarters in Madrid and a regional hub in Santiago, Chile. Grenergy's core technology centers on hybrid solar-plus-storage platforms using lithium iron phosphate (LFP) battery technology in containerized configurations, integrated with Battery Management Systems, Power Conversion Systems, and Energy Management Systems for grid-scale dispatch optimization. The flagship Oasis platform architecture (Oasis de Atacama, Central Oasis, Iberian Oasis) combines co-located solar generation with multi-GWh battery storage to deliver 24/7 renewable energy supply, while the Greenbox platform provides stand-alone BESS solutions for European capacity markets.
Grenergy's business model combines long-term contracted power sales (12-17 year PPAs and tolling agreements with investment-grade counterparties including Codelco, Galp, and unnamed Moody's-rated utilities), energy trading through its GR Power subsidiary in Chile, and active asset rotation (selling completed project phases to institutional investors such as KKR's ContourGlobal and Allianz Capital Partners while retaining development pipeline). The company also operates the GR Data platform for AI data center power supply. In 2025, Grenergy surpassed €1,000 million in sales with €201 million in EBITDA, supported by an investment plan raised to €3.7 billion through 2028. Revenue sources span development fees, construction income, project sales, PPA-based energy generation revenue, capacity market payments (Poland, UK), and emerging digital infrastructure revenue.
Grenergy Renovables firmographics
Firmographics- Name
- Grenergy Renovables
- Legal name
- GRENERGY RENOVABLES S.A.
- Website
- https://grenergy.eu
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Grenergy Renovables is a publicly listed Spanish IPP and renewable project developer operating utility-scale solar and battery storage assets across Europe, Latin America, and the US. It monetizes through long-term PPAs, tolling agreements, capacity markets, and asset rotation to institutional investors, with emerging data center infrastructure via the GR Data platform.
- Ownership category
- akta.pro rank
Grenergy Renovables industry classification
Industry- Product category
- Utility-Scale Renewable Energy Generation (Hybrid Solar + Battery Storage)
- NAICS
- Solar Electric Power Generation (221114)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- BESS EPC, Integration & Commissioning (EUAFAAAB), Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB), BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL)
Keywords
Where Grenergy Renovables is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices6 records
Markets served
Grenergy Renovables business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D
Revenue model
- Project Development and Sale: Grenergy develops solar and storage projects through construction, then sells completed project phases or entire projects to institutional investors (asset rotation model). Proceeds fund new development. The company sold first three phases of Oasis de Atacama to ContourGlobal (KKR subsidiary) for up to $962 million.
- Energy Generation and Trading: Operating assets generate electricity sold under long-term PPAs or traded through GR Power subsidiary. Revenue from energy sales, capacity payments, and ancillary services. Q1 2026 showed lower revenues due to project timing but CAPEX spending increased for growth.
- Green Bond Issuance: Company issued €170 million green bond (April 2026) and €250 million green bond program on MARF (Spanish Alternative Market for Fixed Income) for refinancing and growth capital.
- Battery Storage Services: Revenue from battery storage systems through capacity contracts (Poland), tolling agreements (Spain), and grid services. Battery assets earn revenue from multiple streams including capacity payments, energy arbitrage, and frequency regulation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Power Purchase Agreements (PPAs) - 12-year contracts for 350 GWh/year green electricity |
| Subscription | Multi-year contract | 10-year BESS tolling agreement for Oviedo project (150MW/600MWh) |
| Subscription | Multi-year contract | 12-year tolling deal for Escuderos hybrid project with 680 MWh BESS |
| Subscription | Multi-year contract | Poland capacity contracts at PLN 465.02/kW per year for 17 years starting January 2030 |
| Other | One time/ perpetual license | €8 million capital grant from Polish government for 136 MWh additional projects |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Grenergy Renovables product offering
Product offeringCore offering
Grenergy Renovables develops, builds, finances, and operates utility-scale hybrid solar photovoltaic and battery energy storage system (BESS) projects through its modular Oasis platform architecture. The company generates and sells electricity under long-term Power Purchase Agreements (PPAs) and tolling contracts with investment-grade counterparties, secures non-recourse project financing from international banking syndicates, and selectively rotates completed project phases to institutional investors (asset rotation model). It also markets electricity through its GR Power trading subsidiary and is expanding into renewable-powered data center infrastructure via the GR Data platform.
Product overview
Grenergy Renovables is an end-to-end clean energy platform developing, building, and operating solar photovoltaic plants and battery energy storage systems across Europe, Latin America, and the United States. The company's core offering centers on its Oasis platform architecture—modular hybrid solar-plus-storage complexes that combine generation assets with co-located BESS to enable 24/7 renewable supply. Key platform components include: Oasis de Atacama (Chile) and Central Oasis (Chile) as flagship hybrid projects; Iberian Oasis as the European deployment of this model; Greenbox as the stand-alone BESS platform for European markets; and GR Power as the proprietary energy trading subsidiary managing power marketing. The company also operates GR Data, a digital infrastructure platform supporting AI data centers with renewable power. Grenergy's business areas span Development, Construction, Operations, and Power, providing integrated project lifecycle services.
Differentiator
Problem solved
Functional benefit
Brands
- Greenbox: Grenergy's stand-alone BESS platform in Europe for battery energy storage projects.
- GR Power
- GR Data
Products and services
- Oasis de Atacama World's largest solar-plus-storage complex in Chile's Atacama Desert, combining photovoltaic generation with battery energy storage systems to deliver 24/7 renewable supply for industrial offtakers.
- Central Oasis Hybrid solar-plus-storage platform in central Chile targeting 1.1 GW solar and 4 GWh storage, including Gran Teno, Tamango, Planchón, and Monte Águila projects backed by long-term PPAs and non-recourse financing.
- Iberian Oasis Spanish and European deployment of the Oasis hybrid model, comprising 1 GW solar capacity and 3.2 GWh battery storage across Spain and Portugal.
- Greenbox (Standalone BESS Platform) Stand-alone battery energy storage system (BESS) platform targeting European capacity, ancillary services, and energy arbitrage markets across Spain, Poland, Romania, Germany, Italy, and the UK with a pipeline exceeding 30–72 GWh.
- GR Power
Quantifiable outcome
- 3.5 GWh Elena BESS commissioned as largest battery plant in the Americas, expandable to 7 GWh
- +9 more outcomes
Companies that use Grenergy Renovables
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Grenergy Renovables technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Grenergy Renovables partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core, major and minor.
- BYD Energy StoragecoreBYD supplied 6,240 containerized MC Cube T energy storage units for Elena BESS phase (3.5 GWh) at Oasis de Atacama. Grenergy signed agreement for 2.6 GWh additional batteries from BYD for Central Oasis.
- CATL (Contemporary Amperex Technology)coreContracted to supply 252 CATL TENER S lithium iron phosphate battery units totaling 1.5 GWh for Oviedo (108 units, 700 MWh) and Escuderos (144 units, 800 MWh) BESS projects in Spain.
- DNVmajorIndependent technical advisor supporting Grenergy in securing project financing for 398 MW solar and 1.4 GWh storage portfolio in Chile. Provided technical due diligence and validation.
- NESO (National Energy System Operator)coreBritish energy system operator awarded Grenergy capacity contracts for four storage projects totaling 760 MWh in UK market auction for 15-year period.
- Polskie Sieci Elektroenergetyczne (PSE)corePolish transmission system operator conducting national capacity market auctions. Grenergy secured capacity contracts for 534 MW (2.1 GWh) representing 11%+ of total storage capacity offered.
- Allianz Capital PartnerscoreAcquired two photovoltaic parks (Jose Cabrera and Tabernas) from Grenergy for approximately €273 million as part of asset rotation strategy.
- ContourGlobal (KKR subsidiary)coreAcquired first three phases of Oasis de Atacama (23% of total project) for up to $962 million. Creates ongoing relationship for potential future transactions and demonstrates asset rotation model viability.
- IngeteammajorTechnology partner providing solar PV, BESS, and green H2 systems. Working with Grenergy on commercial solar PV projects with professional partnership approach.
- TrinasolarmajorSolar panel supplier and strategic partner. Sales director noted 14 years of consistent growth together in Spain and Latin America markets.
- Gondolin Land & Water LtdminorUK planning and technical services partner supporting Grenergy's battery projects in England with flood risk assessments, drainage, earthworks, and firewater management expertise.
- LexingtonminorUK consultancy providing planning support and insight helping Grenergy deliver new clean energy projects across the UK market.
- AutecominorColombian partner collaborating with Grenergy on sustainable mobility and energy projects in the Caribbean region.
- Eco Hotel TewimakeminorHotel partner in Colombia hosting EV charging station installed by Grenergy Green Riders project to support sustainable tourism along Caribbean coast.
- I.E. San Juan de CórdobaminorEducational institution in Ciénaga, Colombia partnering with Grenergy for beach cleaning activities and environmental education. 317 kg waste collected; nursery establishment for environmental compensation.
- Explora PatagoniaminorHotel partner in Patagonia, Chile hosting public EV charging station installed by Grenergy at Hotel Explora as part of Green Riders sustainable tourism initiative.
- MaxusminorElectric vehicle partner providing support vehicles for Green Riders expedition along Chile's Carretera Austral, enabling sustainable tourism demonstration.
Scale indicators18 records
Recent moves7 records
Expansion highlights6 records
Grenergy Renovables competitors and assessment
Company assessmentBroad incumbents
- Iberdrola: Global utility with a large renewables and BESS development pipeline across Europe, Latin America (including Chile) and the US. Directly comparable as a hybrid solar+storage IPP, but Iberdrola is much larger and diversified across generation, networks, and retail.
- Enel Green Power: Renewables arm of Enel Group with multi-GW solar, wind and storage pipeline across Europe, the Americas (including Chile) and Africa. Comparable as a hybrid IPP at much larger scale and with broader geographic and technology exposure.
- NextEra Energy Resources: Largest US renewables operator and the world's largest generator of wind and solar energy, with growing battery storage portfolio. Comparable as a utility-scale hybrid IPP and PPA counterparty, but with much greater scale and US-centric footprint.
- ENGIE: Global energy company with major renewable and battery storage development programs across Europe, LATAM (Chile, Peru, Brazil, Mexico) and North America. Comparable as a hybrid IPP and 24/7 clean energy supplier to large industrial offtakers, with much broader diversification.
Direct peers
- Acciona Energía: Spanish-listed pure-play renewable IPP with a global portfolio of wind, solar and storage assets, including significant Latin American (Chile, Mexico) operations. Closest like-for-like peer to Grenergy's hybrid IPP and project rotation strategy.
- Solaria Energía: Spanish solar PV developer and IPP with utility-scale projects across Iberia and Latin America. Comparable business model focused on large-scale solar development and PPA origination, though with less emphasis on BESS than Grenergy.
- Sonnedix: Global solar IPP with a portfolio of >2 GW operating and under construction across Europe, the Americas and Asia. Comparable as a project developer that also rotates assets to long-term institutional owners.
- Clearway Energy: US-listed renewables and storage IPP with utility-scale solar and battery assets under long-term PPAs. Comparable hybrid IPP model and asset rotation dynamics, though focused primarily on the US market.
- Boralex: Canadian-listed renewable IPP with wind, solar, hydroelectric and storage assets primarily in Canada, France and the US. Comparable mid-cap IPP with focus on long-term contracted cash flow and growing battery storage exposure.
- SolarPack: Spanish-origin utility-scale solar developer and IPP with projects in Iberia, Chile, Peru and other LATAM markets. Closely comparable mid-cap hybrid IPP peer with overlapping geography and project economics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Grenergy Renovables social profiles
Digital presenceGrenergy Renovables financial estimates
Financial estimateRevenue estimate
Valuation estimate
Grenergy Renovables leadership team
Management profileNumber of profiles
Profiles6 records
Grenergy Renovables subsidiaries and ownership
Company hierarchySubsidiaries1 record
Grenergy Renovables funding detail
Funding detailFunding overview
Funding rounds11 records
Investors17 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Grenergy Renovables M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Grenergy Renovables
What does Grenergy Renovables do?
Grenergy Renovables develops, builds, finances, and operates utility-scale hybrid solar photovoltaic and battery energy storage system (BESS) projects through its modular Oasis platform architecture. The company generates and sells electricity under long-term Power Purchase Agreements (PPAs) and tolling contracts with investment-grade counterparties, secures non-recourse project financing from international banking syndicates, and selectively rotates completed project phases to institutional investors (asset rotation model). It also markets electricity through its GR Power trading subsidiary and is expanding into renewable-powered data center infrastructure via the GR Data platform.
Is Grenergy Renovables a public or private company?
Grenergy Renovables is a public company. It is classified as public and is currently operating.
When was Grenergy Renovables founded?
Grenergy Renovables was founded in 2007. It employs 501 to 1,000 people.
Where is Grenergy Renovables based?
Grenergy Renovables is headquartered in Madrid, Spain, in the Europe region.
How does Grenergy Renovables make money?
Four revenue lines are on record. Project Development and Sale is the primary driver. The others are energy Generation and Trading, green Bond Issuance and battery Storage Services.
Who are Grenergy Renovables's main competitors?
Broad incumbents on record are Iberdrola, Enel Green Power, NextEra Energy Resources and ENGIE. Direct peers are Acciona Energía, Solaria Energía, Sonnedix, Clearway Energy, Boralex and SolarPack.
Does Grenergy Renovables have an API?
No public API is recorded for Grenergy Renovables.
What industry is Grenergy Renovables in?
Grenergy Renovables's product category is Utility-Scale Renewable Energy Generation (Hybrid Solar + Battery Storage). Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAFAAAB, BESS EPC, Integration & Commissioning. Its NAICS code is 221114.