An unknown buyer agreed to acquire 150MW Belinchón solar PV plant in Cuenca from Grenergy Renovables, S.A. (BME:GRE) for ?83 million on June 15, 2023. Grenergy plans use the proceeds obtained to continue promoting its strategic growth plan in the three regions in which it is present -Europe, the US and Latin America that includes energy storage. The sale of 100% of its Belinchón solar PV project is the first milestone of the Valkyria Project, which includes the sale of up to 1.1GW of solar assets in Spain. The deal is expected to be completed before the year-end. The transaction is subject to the Spanish market regulator and subject to the fulfilment of certain conditions.

An unknown buyer completed the acquisition of 150MW Belinchón solar PV plant in Cuenca from Grenergy Renovables, S.A. (BME:GRE) for approximately ?170 million on October 3, 2023. Total consideration of ?173.7 million (enterprise value) figure includes a total debt of ?84.9 million transaction will generate total proceeds of ?93.4 million and pre-tax capital gains of ?69 million approximately, which will be recognized in group?s EBITDA in Q3 2023.