Spanish PV Company Grenergy announces the successful completion and grid connection of two projects

Spanish PV Company Grenergy announces the successful completion and grid connection of two new rooftop PV projects in Andalucia totaling 2MWp and confirms its ambitious plans for the international grid-parity market.

21.03.2013: Madrid based Grenergy has completed both rooftops of 1MWp each in record time on industrial units in the Spanish provinces of Córdoba and Granada. The new plants have been installed on the rooftops of two industrial units of 14 000m2 and 15 000m2 respectively. This has entailed the installation of more than 8 000 PV modules, covering the electrical demand of the industrial parks.

Since 2007 the company has now successfully installed around 20MW of Spanish PV projects despite increasingly difficult market and political conditions. The company, formed in 2007, has evolved as one of the most active "players" in the Spanish PV industry, completing 10MW of projects in a difficult market environment and without counting on structured financing. Grenergy acknowledges that these two rooftops are the last of its portfolio falling under the Spanish Feed-in Tariff scheme and that it will now focus on the "grid parity" projects that it has been developing for the past two years both in Spain and internationally.

Far from being disillusioned by the reduction or removal of government funding for PV, Grenergy views this as an opportunity to break from unpredictable, red-tape incentives to an open and exciting energy market where renewables can compete directly with fossil fuels.

To this end, Grenergy is expanding its activities in the Latin-American market (HQ in Chile) and in the Spanish Canary Islands, where exceptional climatic conditions, high cost of electricity generation and and low cost of PV materials mean that grid parity for solar PV electricity is already viable. As this trend evolves the company will develop projects in the Middle-East and Eastern-Europe and can, today, count on over 100MW of PV projects at various stages of development in these markets.

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