Recurrent Energy Begins Grid Injection at 426 MW Rey Solar Project in Spain

Recurrent Energy has shared an update. The company announced that its Rey Solar project in Carmona, southern Spain, with a total capacity of 426 MW, has begun injecting electricity into the grid. The initial phase of commissioning has been completed successfully, and commissioning activities will continue over the coming days until the plant reaches full capacity.

For investors, this milestone signals progress in converting Recurrent Energy’s development pipeline into operational, revenue-generating assets. Once fully commissioned, the 426 MW plant should contribute to higher recurring revenue from power sales, subject to offtake agreements and market prices in Spain’s wholesale power market. The project also strengthens the company’s presence in the Spanish and broader European renewable energy sector, a region characterized by supportive decarbonization policies and growing demand for clean energy. Execution of such large-scale projects can enhance Recurrent Energy’s credibility with lenders and equity partners, potentially improving access to capital for future developments. However, the post does not disclose details on project financing, power purchase agreements, or expected returns, which remain key variables for assessing the full financial impact.