Chat with us, powered by LiveChat Grenergy boosts its net profit by 27% - Infra-Be

Submit your CV

    Attach a CV (Accepted file types: pdf, doc, docx, rtf.)

    Grenergy boosts its net profit by 27%

    Welcome to Infra-Be! We are a top-tier global infrastructure and renewable energy search & recruitment firm. Whether you’re seeking the best talent, salary benchmarking, or market insights, we’re here to help. Reach out to us at info@infra-be.com or click here to get in touch.

     

    Spanish developer Grenergy saw a 27% increase in its net profit to €6 million in the first quarter of the year. During the same period, EBITDA surged by 63% to €23 million, while revenues climbed 15% to €110 million.

     

    The company attributes these impressive figures to its successful asset-rotation strategy, prompting an upward revision of its annual target to between 350MW and 450MW per year to ensure financing for its growth plans. Notably, Grenergy closed deals totalling 77MW wind and 97MW solar in Peru during the first three months of the year, generating around €140 million in value and showcasing its ability to create substantial value.

     

    Highlighting its strength in securing Power Purchase Agreements (PPAs), Grenergy emphasized that long-term contracts cover over 90% of its project energy. This mitigates exposure to energy price volatility, with Spain accounting for less than 5% of total revenues in terms of this aspect.

     

    The company’s portfolio closed the quarter with 15.6GW in PV and 11.0GWh in storage, with significant progress made in various global projects, notably in the US. Grenergy’s ambitious Oasis de Atacama project in northern Chile, with an investment of up to $1.4 billion, aims to be the world’s largest storage project, supplying clean energy to over 145,600 homes and reducing CO2 emissions by 146,000 tonnes annually.

     

    Regarding sustainability, Grenergy successfully met all targets outlined in its 2024-2026 Strategic Plan, including the reforestation of nearly 300 hectares at its largest solar plant, Gran Teno, using innovative planting methods and natural water resources. CEO David Ruiz de Andrés expressed satisfaction with these achievements and the company’s continued focus on sustainable growth.

     

    Who are InfraBe?

    We are a leading global infrastructure and renewables search & recruitment business. Don’t forget to follow us on LinkedIn to keep up to date on our opportunities and current news. Please get in contact to discuss your hiring needs, salary bench-marking or market information: info@infra-be.com.

     

    Join us on our podcast and subscribe to our newsletter to embark on an enlightening journey through the exciting landscapes of infrastructure and renewable energy. Stay connected, stay informed, and be part of the InfraBe community.

     

    🎙️ InfraBe Podcast: Exploring the World of Infrastructure and Renewables

    Tune in to our engaging podcast series where we dive deep into the dynamic realm of infrastructure and renewable energy. Join us as we discuss industry trends, innovative technologies, sustainable practices, and insightful interviews with experts and thought leaders. Stay informed and inspired on the go, gaining valuable insights to shape your perspective on the ever-evolving landscape of global infrastructure and renewables.

     

    🔗 Listen to our latest episodes: Youtube, Spotify, Amazon Music or Apple Podcasts

     

    📬 InfraBe Newsletter: Your Gateway to Industry Insights

    Stay ahead of the curve with our curated newsletter, delivering a regular dose of industry updates, exclusive content, and noteworthy developments. From project highlights and market analyses to career tips and emerging trends, our newsletter is your comprehensive source for staying informed in the world of infrastructure and renewable energy. Sign up using the form at the top right of this page.

     

    Back to News & Views Start Hiring Now