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Greening to build 25 MW self-consumption project for Seat with estimated investment of €22.54m

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GREENING

Posted By: The Corner 6th August 2024

Renta 4 | Greening Group will build 26.44 MW of self-consumption for the automotive group Seat at its facilities in Catalonia, in what will be one of the largest self-consumption projects in Europe. The estimated investment is €22.54 million.

Assessment: Positive news that underpins the company’s strategy within its new Strategic Plan. We reiterate our Overweight recommendation, with a target price of €8.50/share.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.