The projects will be delivered independently and in stages throughout 2026. Under the terms of the agreement, Grenergy will continue to provide operation and maintenance (O&M) services for up to two years across all seven projects.
In parallel, the company maintains its presence in the Colombian market, with a portfolio of 12 plants in the country totaling approximately 150 MW at different stages of development.
Asset rotation strategy
This transaction is part of Grenergy’s asset rotation plan, presented last May during its Capital Markets Day in London, which foresees the generation of €800 million by 2027. With this deal, the company has already achieved more than 60% of that target.
Over the past year, the company has announced several key transactions, the latest of which includes the sale of the Gabriela plant to CVC DIF, as well as the sale of the Víctor Jara and Quillagua I & II plants to ContourGlobal (KKR). All of them form part of the Oasis de Atacama platform and reached a combined enterprise value of nearly $1.5 billion.
In Spain, the company also completed last October the sale of the José Cabrera and Tabernas photovoltaic plants (297 MW) for €273 million.
Grenergy closed the first nine months of 2025 with widespread growth across its main financial indicators. The company recorded revenues of €687 million, up 147% compared to the previous year. EBITDA reached €111 million, representing a 109% increase, while net profit stood at €45 million, seven times higher than in the same period of the previous year.
