Greening Group Sells Eight Solar Parks in Southern Spain for €47.93 Million

Greening Group, a vertically integrated energy company, has announced the sale of eight solar parks located in southern Spain, totaling 54.78 MW. The transaction, valued at €47.93 million, was conducted with Amperisol Renewables. This sale is part of Greening Group’s asset rotation strategy included in its business plan for 2024-2026.

According to the company, the projects are either in the construction or operation phase. The solar parks will be fully transferred once they reach the operational phase, a milestone expected to be achieved by the second quarter of 2025.

This operation surpasses the company’s asset rotation target for 2024, which was set at 50 MW, by 10%. Greening Group’s strategic plan aims to rotate 450 MW of accumulated wind farms in operation or in the final phase of construction by 2026.

Greening Group operates in Spain, Italy, France, Germany, Mexico, and the United States, with a generation portfolio of 174 MW. Notably, 76% of its revenue is generated outside of Spain.