Grenergy Renovables SA completes the sale of the José Cabrera and Tabernas photovoltaic parks
Grenergy Renovables SA, the Madrid‑based independent power producer, has finalized the sale of its two solar photovoltaic plants – the José Cabrera park in Guadalajara (47 MW) and the Tabernas park in Almería (250 MW) – for an enterprise value of 273 million €. The transaction was executed with Allianz and a group of institutional investors advised by Allianz Global Investors UK Limited.
Transaction details
- Combined installed capacity: 297 MW
- Enterprise value: 273 million €
- Estimated gain on sale (plusvalías): 75 million €
- Impact on financials: The gain will be reflected in the EBITDA of the fourth quarter of 2025.
The deal concludes a process that began two years earlier, when Grenergy first reached an agreement with Allianz to sell the two parks.
Company context
Grenergy Renovables SA specializes in the design, development, and operation of renewable‑energy projects, primarily photovoltaics and wind. Its portfolio includes approximately 400 MW in Chile and about 600 MW spread across Mexico, Peru, Colombia, Argentina, and Spain. The company is listed on the Bolsa de Madrid and traded in euros (price 74.8 € on 30 Oct 2025). With a market capitalisation of 2.17 billion € and a price‑earnings ratio of 22.75, Grenergy remains a significant player in the utilities sector.
Market reaction
Following the announcement, the company’s shares continued to trade within the 52‑week range of 26.8 € to 77.5 €, reflecting investor confidence in the cash‑generating nature of the sale and the strategic realignment of Grenergy’s asset base.
