Grenergy secures financing for standalone battery project in Spain

Type: Financing · Technology: Storage · Country: Spain · Capacity: 618 MWh · Value: EUR 100M · Announced: 2024-08-05

Spanish developer Grenergy secured €100 million in senior non-recourse project financing from Banco Santander and Sumitomo Mitsui Banking Corporation to build the 618 MWh Oviedo standalone battery energy storage system located in La Corredoria (Oviedo), Spain, with construction started and commercial operation expected in H1 2027.

Counterparties

• Banco Santander, S.A (Lender)
• Grenergy Renovables, S.A (Developer)
• Sumitomo Mitsui Banking Corporation (Lender)

Source article

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