- Spanish renewables firm Solaria Energia y Medio Ambiente SA has announced it plans to invest about EUR 2.5 billion (USD 2.9bn) between 2026 and 2028.
- The investment drive, targeting Spain, Portugal, Italy and Germany, will also triple Solaria’s installed capacity to 9 GW of solar, battery storage and wind power by the end of 2028.
Spanish renewables firm Solaria Energia y Medio Ambiente SA has announced it plans to invest about EUR 2.5 billion (USD 2.9bn) between 2026 and 2028, allocating over half of that to solar PV and the rest to battery storage and wind power, according to its Capital Markets Day presentation.
The company expects EBITDA to reach EUR 521 million in 2028, roughly double projected 2025 levels, supported by income from electricity and infrastructure.
The investment drive, targeting Spain, Portugal, Italy and Germany, will also triple Solaria’s installed capacity to 9 GW of solar, battery storage and wind power by the end of 2028.
At present, the company’s operational portfolio is exclusively solar, with the exception of one battery hybridised with a solar plant in Spain and due to be connected by the end of this year.
Monday marked the release of several regulated filings alongside Solaria’s nine-month results and the 2028 strategic plan.
The company has signed two ten-year power purchase agreements (PPAs) with multi-energy major Repsol SA, one for 180 MW of wind and the other for 150 MW of solar PV, both designated for green hydrogen projects.
A separate 15-year, 445-MWp solar PPA was agreed with real estate company Merlin Properties to supply its data centres in Spain.
Solaria said it has formed Gravyx, a 50/50 joint venture (JV) with Luxembourg-based investment group Stoneshield Capital, to develop, build and operate stand-alone batteries in Europe. Gravyx currently has a portfolio of 14 GWh of projects, mainly in Germany and Italy. Under the terms, Stoneshield will invest at least EUR 200 million in the venture.
Solaria also received approval to begin construction of a 200-MW solar project, called Nordlicht Energy Solar I and II, in Germany.
Lastly, the company added that it has secured 3.4 GW of power capacity for data-centre customers in Europe, supporting its broader push into digital-infrastructure energy supply.