Solaria seeks partners for its Generia real estate subsidiary in Europe

Solaria engages Alantra and Kutxabank Investment Norbolsa to attract strategic partners for Generia, its European real estate subsidiary to be created in 2022. The aim is to accelerate growth through new investments.

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Partenaires Generia Solaria

Solaria, through Generia, invests in the purchase of land in Europe, a strategic asset for the development of renewable energies. In 2023, despite a low-price environment, Solaria posted record revenues and EBITDA of €48.6 million and €41.8 million respectively. In May, Solaria also announced its entry into the data center market with Solaria Data Center.

Land Acquisition: A Strategic Asset

The creation of Generia in 2022 marks an important milestone for Solaria. Land acquisition in Europe is crucial, as it is becoming increasingly scarce and strategic for the development of renewable energies over the next decade. Generia aims to meet the EU’s land needs. The partnership with Alantra and Kutxabank Investment Norbolsa aims to attract investors capable of supporting this rapid expansion. These two institutions are responsible for creating a strategic plan to strengthen Generia’s capital base, thus facilitating the entry of new partners.

Financial Performance and Expansion

The first quarter of the year was marked by solid financial results for Solaria. Revenues rose by 9% to €48.6 million, while EBITDA increased by 4% to €41.8 million. This performance demonstrates the company’s resilience, even in a context of low energy prices. Solaria’s expansion is not limited to the purchase of land. In May, the company announced the creation of Solaria Data Center, marking its entry into the data center sector. This diversification demonstrates Solaria’s determination to position itself in different segments of the energy industry.

Future prospects and opportunities

With the arrival of new partners, Generia could accelerate its development, responding to the growing demand for land for renewable energy projects. The collaboration with Alantra and Kutxabank Investment Norbolsa is strategic for attracting top-tier investors. Solaria’s projects, including Generia and the new Solaria Data Center, illustrate a diversified strategy aimed at strengthening its market position. The company is looking to capture new opportunities, both in the land sector and in data infrastructures. The growth potential for Solaria and Generia is immense. The scarcity of land available for renewable projects in Europe could make Generia an invaluable asset in the years to come. What’s more, the creation of data centers opens up new avenues of growth and profitability for the company.
New partnerships with Alantra and Kutxabank Investment Norbolsa will enable Solaria to capitalize on these opportunities and consolidate its position in the renewable energy sector.

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