Grenergy has closed 2025 with revenues of just over €1 billion and EBITDA of €201 million alongside net profit of €87 million.
The company said revenues rose 66% year on year as EBITDA increased 26% and net profit grew 46%.
Investment reached €880 million, up 36% on 2024, with Grenergy adding that this progress aligns with its €3.5 billion target under its 2025–2027 strategic plan.
The company stated that net debt stood at €993 million with a leverage ratio of 5x, which would fall to 1.5x if recent asset rotation results were incorporated.
Grenergy completed sales worth close to US$1,000 million in enterprise value during 2025, equal to about €850 million, covering more than 60% of its asset rotation target for 2025–2027.
It said these transactions help finance equity requirements for its investment plan.
In Chile, asset rotation included advancing the sale of the first four phases of Oasis de Atacama, equal to 33% of the project, for about US$1,500 million, including the sale of Gabriela for US$475 million in the third quarter of 2025.
In Spain, Grenergy completed the sale of José Cabrera y Tabernas totalling 297MW for €273 million, while in Colombia it divested seven solar assets of 88MW for US$64 million.
The company also secured several major PPAs in 2025, including its first 24/7 agreement of 0.5TWh per year with Codelco for 15 years supplied from the Monte Águila hybrid plant.
It added that it formalised a 390GWh solar PPA for Central Oasis and signed the first financial tolling for Greenbox’s first stand-alone project in Europe.
Energy revenues increased 25% to €75.5 million supported by new capacity and higher production, while GR Power revenues doubled to €56.6 million.
Project financing in 2025 included about US$700 million for phases IV and V of Oasis de Atacama and €99 million for the Ayora plant in Spain.
In total, Grenergy has raised US$1.2 billion for Oasis de Atacama and secured US$335 million of new financing for Central Oasis at the start of 2026.
The company reported 2.2GW of solar and 8.3GWh of storage in operation and construction after building 1GW of solar and 7GWh of storage in 2025.
Its BESS pipeline now totals 72GWh.
It said progress continued on its hybridisation platforms, with phase six of Oasis de Atacama, Elena at 3.3GWh, already energised, and Teno, Tamango, Planchón and Monte Águila under construction at Central Oasis.
Escuderos in Spain has secured environmental permits and is expected to enter operation in the first half of 2027.
Through Greenbox, Grenergy has more than 9GWh of capacity at an advanced stage and a pipeline exceeding 30GWh, and it has begun construction of the 600MWh Oviedo project after signing the financial tolling agreement.
It has also obtained capacity payments for 2.1GWh of stand-alone projects in Poland.
“In 2025 we exceeded one billion euros in revenue for the first time and reached 200 million in EBITDA,” said David Ruiz de Andrés, chief executive of Grenergy.
“We also increased investment by 36% to €880 million.”
“We have a clear roadmap and an extraordinary team to execute it.”
“In 2026, we will maintain the focus on sound, operational and financial management, with one clear priority: to generate sustainable and growing value for our shareholders and other stakeholders.”