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.

Share:

Partenaires Generia Solaria

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

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.

Aspen Power has finalised the acquisition of two community solar projects totalling over 1 MWdc in New Jersey, developed by Ecogy Energy, with construction expected to begin shortly.
French developer Tenergie has started work on a ground-mounted solar plant at a former quarry, with expected annual output of 7.6 GWh from 2026.
Octopus Energy strengthens its presence in Spain with three new energy projects totalling 600 MW, powering 2.3 million households and accelerating the expansion of its European renewables portfolio.
VSB Italy has obtained authorisation to build a 6.2 MW agrivoltaic plant in Città della Pieve, combining solar power generation and agricultural cultivation on 10.6 hectares.
Ameren Missouri announces a 250 MW solar project to power 44,000 homes, reducing delays and costs through strategic development on company-owned land.
Verso Energy has inaugurated an experimental solar power plant in Outarville, testing the integration of photovoltaic panels across three hectares of large-scale crops with a 90% self-consumption rate.
Independent power producer R.Power is selling a 440MW ready-to-build photovoltaic portfolio in Poland, as political uncertainties drive a wave of divestments in the national renewable energy market.
Grenergy has finalised the sale of the fourth phase of its hybrid solar-storage project in Chile to CVC DIF, valued at up to $475mn, while retaining operation and maintenance for five years.
Q ENERGY secures financing for 252 MW of solar projects in Spain, marking its first independent power producer operation on the Iberian Peninsula.
Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.
New solar installations rose 64% year-on-year, driven by China, which accounted for more than two-thirds of global deployed capacity.
Virya Energy invests EUR2mn in a photovoltaic plant at the Oncopole park-and-ride in Toulouse, marking a 30-year partnership with Tisséo to strengthen the city’s energy self-consumption.
ACWA Power has signed an agreement with the Syrian Ministry of Energy to assess up to 2,500 MW of solar, wind and storage projects, along with a technical audit of the national grid and existing infrastructure.
GreenYellow is installing several photovoltaic plants and an energy storage system on Altarea's logistics platforms in Bollène and Puceul, through a 30-year PPA contract fully financed by the company.
Ascent Solar Technologies has signed an agreement with Star Catcher Industries to enhance in-orbit power generation by combining lightweight photovoltaic technology with wireless energy transmission.
NextWave Energy Monitoring integrated 529 megawatts of Cenergy solar projects into its PVPulse platform, including the largest 300 MW photovoltaic plant equipped with its monitoring system.
Solar panel imports into Africa reached 15,032 MW in one year, setting a record and marking an expansion beyond South Africa, according to the energy research organisation Ember.
Ferrovial will launch a 250 MW solar plant in Texas for $355mn, expanding its US energy portfolio and creating around 300 jobs during the construction phase.
The 4.99 MW floating solar power plant in Cebu supplies the Carmen Copper mining site, covering about 10% of its energy needs, with connection to the national grid now effective.
Four photovoltaic plants totaling 50 MW will be built in Benin by Axian Energy and Sika Capital to strengthen the share of renewables in the country’s energy mix.

Log in to read this article

You'll also have access to a selection of our best content.