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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.