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Solaria Expands Energy Storage Capacity with New Acquisition

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Solaria Energia y Medio Ambiente ( (ES:SLR) ) has provided an update.

Solaria has completed the acquisition of 260 MWh of battery energy storage systems for approximately 20 million euros, which will be installed in Spain. This move enhances Solaria’s energy storage capabilities, supporting its strategic expansion in the renewable energy market, particularly in Spain and Italy where it has 2.8GW of BESS under processing.

More about Solaria Energia y Medio Ambiente

Solaria Energia y Medio Ambiente operates in the renewable energy sector, focusing on solar power and energy storage solutions. The company is involved in the development and management of solar energy projects, with a significant presence in Spain and Italy.

YTD Price Performance: -11.72%

Average Trading Volume: 14,166

Technical Sentiment Signal: Buy

Current Market Cap: €868.4M

See more data about SLR stock on TipRanks’ Stock Analysis page.

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