Renta 4 | According to press reports, Grenergy has signed an agreement with the Chinese supplier CATL for the supply of 1.25 GWh of battery storage, thus covering Phase 4 of the Oasis Atacama project (out of a total of 1.25 GWh). Assessment: Positive news. Currently, Grenergy only has BYD as its exclusive battery supplier (Phases 1, 2 and 3 of Oasis Atacama). The introduction of new suppliers should increase...

Grenergy_exit_bagLink Securities | Grenergy (GRE) reported on Sunday its results for the first half of the financial year (1H2024), of which we highlight the following aspects: Revenues: €192.3m (-15.0% year-on-year), of which Energy revenues reached €25.9m (-3.0% year-on-year). Operating cash flow (EBITDA): €31.0 million (+43.0% year-on-year) Net operating profit (EBIT): €22.1 million (+60.0% year-on-year) Net profit: €0.4 million (-89.0% year-on-year) Net financial debt: €736.5m (+27% year-on-year) DFN/EBITDA ratio: 6.6x (times)...

Alphavalue / Divacons | The renewable energy group has signed a strategic agreement with China’s BYD for the supply of large-scale storage systems through batteries with a capacity of 1.1 gigawatt hours (GWh) for its Oasis de Atacama project in Chile. As part of this collaboration, BYD will supply Grenergy with a total of 2,136 installations of its MC Cube ESS model. This storage system is equipped with Blade batteries,...

Norbolsa | The renewable energy company announces the purchase of the remaining 60% it did not already own of the photovoltaic and battery project developer Sofos Harbert Renewable Energy, consolidating its commitment to the US renewable energy market. This acquisition comes ahead of the three-year term of the initial contract and will become Grenergy’s subsidiary in the country. It is currently developing a portfolio of 1.9 GW of solar power...

Fernando Rodriguez | Daniel Lozano, Director of Investor Relations and Communications at Grenergy, was the winner in the rising star category at the IR Magazine awards - Europe 2020. Lozano began his career as a financial analyst at Abengoa and was part of the teams that helped MasMovil and more recently Genergy, whose team he led, to move from MAB -now BME Growth- to the Continuous Market; so far, the only companies to do so.

Mari Pinardo | Rocío Hortigüela, member of Grenergy’s Board of Directors, explains that a "healthy struggle" between the regulator and the regulated is natural. "But when the forces can be unbalanced in certain situations of crisis or misgovernment, we need to rely on a truly independent and agile judicial system to put things back in order," she adds. “Unfortunately, in Spain's case, when these imbalances have occurred in recent history, the judicial system has proved to be neither agile nor independent," says.