Press Releases — Grenergy secures 20-year solar contract for its Fibden hybrid project in the United Kingdom

• Fibden, located in Worcestershire, comprises 40 MW / 53 MWp of solar PV capacity and 160 MWh of storage.
• The secured price stands at £65.23 per MWh, representing an estimated minimum guaranteed allocation of £55 million.

Madrid, February 19, 2026. Grenergy secures a solar supply contract (CfD) for its Fibden hybrid solar and battery storage project in the United Kingdom, in the latest renewable energy auction organised by NESO, the public authority responsible for coordinating the British energy system.

The Fibden Farm Solar & BESS project is located in Hampton Lovett, near Droitwich (Worcestershire). The facility comprises 40 MW / 53 MWp of solar PV capacity and 160 MWh of storage.

The contract establishes a CPI-indexed fixed price for 80% of the solar energy generated by the project. It will run for 20 years and is expected to come into force between March 2028 and February 2029. The awarded price stands at £65.23 per MWh, which represents an estimated minimum guaranteed allocation of £55 million (approximately €63 million) for Grenergy over the contractual period.

Although Fibden is a hybrid project, the contract applies exclusively to solar generation. Grenergy expects to complement these revenues with those from ancillary services and capacity markets, which it will be able to access thanks to the battery installation.

Consolidated presence in Europe

Grenergy has a solid presence in Europe, with operations in Spain, Italy, Germany, Poland, Romania and the United Kingdom. In addition to its portfolio of solar and hybrid projects under development, the company is driving Greenbox, its stand-alone storage platform in the region, presented during its latest Capital Markets Day held in May 2025 in London.

With over 30 GWh of stand-alone batteries under development, Greenbox is becoming one of Europe’s leading storage platforms. Grenergy has just signed a pioneering agreement in the Spanish market: a 10-year financial tolling agreement with an Investment Grade offtaker for its stand-alone battery project in Oviedo (600 MWh).

Furthermore, Grenergy has secured capacity contracts for 2.1 GWh in stand-alone storage projects in Poland and has secured €8 million in capital grants from the Polish government for other stand-alone projects (136 MWh) that the company plans to develop in the country.

Grenergy continues to explore opportunities to expand Greenbox’s pipeline and secure new tolling agreements across the six European markets served by its standalone platform.

About Grenergy

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

With a team of over 600 professionals, Grenergy 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 exceeds 75 GWh of storage capacity and 12 GW of solar power in various stages of development.

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