Galileo has reached 700MW of grid-secured renewable energy projects in Spain.
The milestone forms part of a broader 1.4GW active development pipeline across battery energy storage systems, photovoltaic hybrid solutions and onshore wind, the company said.
A further 1.4GW of projects relate to future capacity tenders anticipated in Spain, Galileo added.
The grid-secured portfolio is composed primarily of standalone battery storage projects alongside onshore wind and PV assets.
Eduardo González Solá, director of business development and power origination for Spain at Galileo, said: “Reaching 700 MW of grid-secured projects is a major achievement for our team and demonstrates the significant progress we have made in Spain”.
“Composed primarily of BESS standalone projects, concentrated in large consumption areas in Catalonia and Madrid, as well as onshore wind and PV assets, this pipeline of projects is both well-progressed and technologically well-diversified.”
Ingmar Wilhelm, co-founder and chief executive of Galileo, said: “Galileo is well-positioned in Spain for the future with a strong, diversified pipeline and a highly experienced team.
“Galileo aims to obtain consent for a large portion of this 700 MW of grid-secured projects and looks forward to reaching multiple final investment decisions for this attractive portfolio by the end of 2026.”