Grenergy Renovables Overview
Pro stress-test →Grenergy is a Spanish company founded in 2007 that operates as an independent renewable energy producer and specialist in the development, construction and operation of photovoltaic and storage projects. The company is present in 10 countries across Europe, Latin America and the United States. With a global portfolio exceeding 72 GWh of storage capacity and 11.6 GW of solar across multiple development stages, Grenergy operates as a multinational company with over 600 people.
Strategic Profile
Pro stress-test →In 2023, Grenergy posted a net profit of €51 million (a fivefold increase versus 2022) and total revenue of €400 million (37% higher than 2022). The company began trading on the Spanish Stock Exchange's alternative market in 2015 and moved to the continuous market in 2019. Grenergy is strategically positioned as a vertically integrated IPP with diversified geographic exposure across LATAM, Europe, and North America, paired with significant storage-focused growth ambitions.
Competitive Landscape
Pro stress-test →Grenergy competes in the large-scale renewable energy development and operation sector against other solar/wind developers and operators. Key competitors include Encavis (Germany-based solar/wind operator), Valorem (France-based multi-modal renewables developer), and Enefit (international sustainable energy provider). Grenergy's differentiation stems from its integrated storage-first strategy, multinational portfolio spanning three continents, and track record of securing corporate PPAs with major utilities (Amazon, Galp).
Industry Context
Grenergy Renovables operates in Renewable energy development and independent power production.
Key facts
Founded: 2007 · Headquarters: Madrid, Spain · Employees: 600+ · Revenue: €400M (2023)