Grenergy Renovables SA
MAD:GRE
Grenergy Renovables SA
Grenergy Renovables SA designs, develops, executes and promotes energy projects. The company is headquartered in Madrid, Madrid and currently employs 252 full-time employees. The firm develops projects and an Independent Power Producer (IPP) that generates renewable energy mainly through solar photovoltaic plants.
Grenergy Renovables SA designs, develops, executes and promotes energy projects. The company is headquartered in Madrid, Madrid and currently employs 252 full-time employees. The firm develops projects and an Independent Power Producer (IPP) that generates renewable energy mainly through solar photovoltaic plants.
Revenue Surge: Grenergy reported first-half 2025 revenue of EUR 438 million, up 128% year-on-year, fueled by successful asset rotations in Latin America.
EBITDA Growth: EBITDA reached EUR 86 million, growing 176% year-on-year, with EUR 76 million contributed by M&A deals.
Strong Asset Rotation: The company has already achieved 55% of its EUR 800 million asset rotation proceeds target, 2.5 years ahead of schedule.
CapEx Acceleration: Gross CapEx nearly doubled to EUR 421 million, supporting rapid project development, especially in Chile and Spain.
Deleveraging in Progress: Net debt stands at EUR 815 million, with leverage ratios dropping sharply due to asset sales and pending cash inflows.
Pipeline Optimization: Management is focusing its pipeline on high-probability, near-term projects, especially hybrid and storage assets, and removed less likely projects.
Tolling Agreement Progress: Key tolling agreements for battery storage in Spain and Germany are advancing, with at least one expected to be announced by year-end.
ESG Recognition: Grenergy achieved improved ESG ratings and was listed in the IBEX ESG Index, reinforcing its sustainability leadership.
