Greening and Atlantica Join Forces for Renewable Energy Development in the U.S.

In a groundbreaking move for renewable energy development, Greening has announced a partnership with Atlantica Sustainable Infrastructure to co-develop renewable energy projects across the United States. This strategic alliance, initiated through Greening's U.S. subsidiary, specifically targets photovoltaic and energy storage installations, working collaboratively to enhance grid reliability and meet local decarbonization goals.

The Partnership Overview

Launched recently, the joint venture is set to capitalize on the growing energy demands in the U.S. market. Greening will contribute a robust pipeline of projects amounting to approximately 1,000 MWac of solar and battery energy storage capacity, while Atlantica will provide essential capital investment. This partnership allows both companies to combine their strengths, blending Greening's technical expertise with Atlantica's extensive experience in sustainable infrastructure investments.

Ignacio Salcedo, CEO of Greening, has expressed confidence in the partnership's potential, stating, "This partnership marks a significant milestone in our U.S. expansion strategy. By combining our technical expertise with Atlantica's experience as a leading infrastructure investor, we are building a strong platform for developing high-quality renewable projects in one of our core markets."

Project Development Goals

The collaboration aims to fast-track the development of renewable energy projects through streamlined financing and effective project execution. The alliance will allow for independent and combined development of photovoltaic and battery energy storage technologies, enhancing the overall sustainability of the energy production process in targeted regions of the Midcontinent Independent System Operator South (MISO South) and Southwest Power Pool (SPP).

Once the projects reach the Ready to Build (RtB) phase, Greening and Atlantica will assess the best path forward, which may include distributing assets between the partners or selling to a third party. The ongoing partnership will also facilitate the identification of additional renewable and storage projects over the coming years, ensuring a steady growth trajectory for both companies.

Greening’s Strategy for Expansion

As part of its broader strategic plan unveiled in May 2024, Greening is focused on diversifying its project portfolio and expanding its market presence in the U.S., recognizing the country's commitment to increasing clean energy solutions. The partnership with Atlantica directly aligns with this mandate, offering a unique opportunity to leverage financial partnerships that support renewable energy development.

Greening is a global player in the renewable energy sector, generating and selling energy through a diverse range of technologies including solar, wind, biogas, and energy storage. With significant operations in both Europe and North America, the company is positioned at the forefront of the global energy transition, committed to reducing carbon footprints through efficient and sustainable practices.

Looking Ahead

As energy demands continue to rise and the urgency for carbon reduction intensifies, the partnership between Greening and Atlantica represents a critical step in accelerating the U.S. energy transition towards more sustainable practices. With a shared vision of advancing renewable projects, both companies are set to contribute significantly to the environmental goals while ensuring long-term value for their stakeholders.

This burgeoning alliance sets a precedent not just within the renewable sector, but also showcases how collaboration can drive innovative solutions to pressing global challenges. As they embark on this journey, Greening and Atlantica are not just aiming to meet current energy needs but are also establishing a greener, more sustainable future for subsequent generations.