Grenergy Renovables reported robust 2023 financials with EUD 400m revenues, a 37% YoY increase. EBITDA surged by 108% to EUD 105m, while net income reached EUD 51m, marking a fivefold YoY rise. The company boasts a substantial pipeline, comprising 15.3 GW of PV and 11.3 GWh of BESS, with 1.7 GW and 1.0 GWh currently in operation or under construction. Noteworthy developments include a new hybrid PPA for Oasis Atacama, PPAs for Phases 1-4, and a strategic BESS supply deal with BYD. Asset sales in Peru, generating USD 150m, contribute to 55% completion of the 2023-26 BTS1 target.
Grenergy Renovables reports strong 2023 financial results
A boost in energy sales, fueled by newly commissioned solar plants and an asset rotation plan, led to positive outcomes for Grenergy. (Image Credit: Grenergy Renovables).
Phoenix Financial converts €4.2 million into equity in Econergy’s Resko project, gaining 49% ownership in Poland’s renewable energy sector. (Image Source: Ecoenergy Renewable Energy Ltd/Linkedin)
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)