Spanish clean energy producer Grenergy has secured capacity contracts for five storage projects in Poland totaling 2.1GWh. These projects will provide reserve capacity to the Polish electricity grid, commencing in January 2030. Grenergy will be compensated at a fixed rate of 465.02 zlotys per kilowatt annually over a 17-year period.

In addition to the Poland contracts, Grenergy received 34m zlotys from the Polish Government for four smaller projects with a total capacity of 136MWh. These grants are part of the EU’s Modernisation Fund to boost energy storage development. Grenergy is also expanding its Greenbox platform in key European markets.

Grenergy, founded in 2007, operates globally with a portfolio exceeding 75GWh of storage capacity and 12GW of solar power. Last month, Grenergy secured a financing deal for the Ayora solar facility in Spain. The facility has an installed capacity of 172MW and is supported by a 15-year power purchase agreement.

In September 2024, Grenergy acquired a 1GW solar portfolio in Chile for $128m to enhance the Oasis de Atacama solar-plus-storage project. This deal included a 77MW photovoltaic plant, 923MW of projects under development, and a 1GW interconnection facility.

Read more at Yahoo Finance: Grenergy secures capacity contracts for 2.1GWh storage projects in Poland