Grenergy Secures $324 Million for Solar Expansion

Grenergy Renovables S.A ( (ES:GRE) ) has issued an announcement.

Grenergy Renovables S.A. has secured $324 million in green financing for the fourth phase of its Oasis Atacama project, which includes 269MW of solar power and 1.1GWh of storage. This financing marks a significant step in the company’s expansion efforts, totaling $967 million for the first four phases and aligning with a 15-year power purchase agreement, which strengthens its market position in renewable energy.

More about Grenergy Renovables S.A

Grenergy Renovables S.A. is a company operating in the renewable energy industry, primarily focusing on solar energy production and storage. The company is engaged in developing large-scale solar projects with an emphasis on sustainable energy solutions.

YTD Price Performance: 8.72%

Average Trading Volume: 109

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: €981.9M

For a thorough assessment of GRE stock, go to TipRanks’ Stock Analysis page.