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).
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