Grenergy signs ten-year tolling deal for Oviedo battery project

Spanish cleanable vigor institution Grenergy has inked a ten-year fiscal tolling statement for its 150MW/600 megawatt-hour stand-alone artillery task successful Oviedo, Spain.

The woody has been signed with an planetary inferior that holds an Investment Grade standing from Moody's. It marks a pioneering transaction wrong the Spanish market.

The Oviedo task is designed to supply 4 hours of vigor retention capacity.

It is portion of the company's Greenbox level nether improvement crossed Europe, and represents the largest stand-alone artillery inaugural announced successful Spain to date.

Construction has already started astatine a tract antecedently utilized for concern purposes, located adjacent to the La Estrecha substation successful La Corredoria, ensuring a nonstop and businesslike grid connection.

The task is expected to commence operations successful the archetypal fractional of 2027 (H1 2027), with the tolling statement commencing successful January 2028.

Grenergy volition negociate some the asset’s cognition and artillery trading.

Spain is recognised arsenic 1 of Grenergy's cardinal markets, wherever the institution plans to motorboat some stand-alone retention projects and hybrid initiatives simultaneously.

This strategy is designed to heighten Grenergy's beingness successful Europe's changing vigor landscape.

The Greenbox level was unveiled during the company’s Capital Markets Day successful May 2025 successful London.

The Greenbox level encompasses a pipeline exceeding 30 gigawatt-hours (GWh) of stand-alone artillery retention projects, positioning itself arsenic a starring entity wrong Europe.

Current advancement includes projects crossed cardinal European countries including Germany (3GWh), Italy (5.8GWh), Poland (5GWh), Romania (7GWh), Spain (6GWh) and the UK (4GWh).

Grenergy is actively seeking opportunities to grow Greenbox's pipeline and forge caller tolling agreements crossed these European markets.

Investing successful artillery retention plays a important relation successful upgrading the energy grid.

It enables the retention of vigor erstwhile accumulation levels are precocious and its merchandise erstwhile request rises.

This process contributes to reducing terms fluctuations, facilitates accrued integration of renewable vigor sources, enhances the flexibility of the system, immunodeficiency successful preventing blackouts and yet bolsters grid stability.

Grenergy CEO David Ruiz de Andrés said: “We are precise arrogant of this fiscal tolling agreement. It is the archetypal of its benignant successful Spain and, I americium sure, the archetypal of galore wrong our stand-alone Greenbox level successful Europe.

“We are going to replicate the occurrence of the OASIS platforms successful the European market, particularly successful Spain, wherever the imaginable is enormous.”