Press Releases — Grenergy agrees to sell seven PV projects in Colombia

• Ecopetrol acquires the seven projects, which Grenergy will deliver gradually throughout 2026
• Through this transaction, the company has already exceeded 60% of the asset rotation goal established in its 2025–2027 strategic plan
• Grenergy will retain the operation and maintenance (O&M) of the plants for two years

Madrid, 1st December 2025. Grenergy has reached an agreement with Ecopetrol, Colombia’s leading oil and energy company, for the sale of seven distributed PV plants in the country, with a total installed capacity of 88 MW

The projects will be delivered independently and in stages throughout 2026. Under the terms of the agreement, Grenergy will continue to provide operation and maintenance (O&M) services for up to two years across all seven projects.

In parallel, the company maintains its presence in the Colombian market, with a portfolio of 12 plants in the country totaling approximately 150 MW at different stages of development.

Asset rotation strategy

This transaction is part of Grenergy’s asset rotation plan, presented last May during its Capital Markets Day in London, which foresees the generation of €800 million by 2027. With this deal, the company has already achieved more than 60% of that target.

Over the past year, the company has announced several key transactions, the latest of which includes the sale of the Gabriela plant to CVC DIF, as well as the sale of the Víctor Jara and Quillagua I & II plants to ContourGlobal (KKR). All of them form part of the Oasis de Atacama platform and reached a combined enterprise value of nearly USD 1.5 billion.

In Spain, the company also completed last October the sale of the José Cabrera and Tabernas photovoltaic plants (297 MW) for €273 million. Grenergy closed the first nine months of 2025 with widespread growth across its main financial indicators. The company recorded revenues of €687 million, up 147% compared to the previous year. EBITDA reached €111 million, representing a 109% increase, while net profit stood at €45 million, seven times higher than in the same period of the previous year.

About Grenergy

Grenergy is a Spanish multinational dedicated to producing clean energy. Founded in 2007, it has been listed on the Spanish stock exchange since 2015 and currently has a market capitalization exceeding €2 billion. The company develops, builds, and operates solar photovoltaic plants, while also being a pioneer in the energy storage industry.

With a team of more than 600 professionals, it operates across three key regions: Europe (Spain, Italy, Germany, Poland, Romania, and the United Kingdom), North America (United States), and Latin America (Chile, Peru, Mexico, and Colombia). Its global portfolio includes 75 GWh of storage grenergy.eu capacity and 12 GW of solar projects at different stages of development.

Thanks to its strong commitment to battery technology, Grenergy can deliver clean, affordable, reliable, and continuous energy — anywhere, anytime, 24/7.