Grenergy secures EUR 100 million non-recourse financing from Santander, SMBC for Oviedo stand-alone battery project

Reuters2026/07/22 06:08

By:Reuters

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Grenergy closed €100 million of senior non-recourse financing, including credit facilities, for its 618 MWh Oviedo stand-alone battery storage project.
Santander, Sumitomo Mitsui Banking Corp. provided the financing in what it described as Spain’s first deal of its kind.
Construction has started near the La Estrecha substation in La Corredoria; start-up is targeted for the first half of 2027.
Oviedo is part of Greenbox, its European stand-alone storage platform, which targets nearly 30 GWh of projects across six markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grenergy Renovables SA published the original content used to generate this news brief on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Grenergy secures EUR 100 million non-recourse financing from Santander, SMBC for Oviedo stand-alone battery project

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