22 March 2022
Last month, Renew Economy, the website and magazine focusing on clean energy news and analysis, and climate policy, offered an analysis of Gransolar Group’s situation in the Australian market, where it has built more than 1GW of PV and battery storage since 2017, including the 200MW Blue Grass solar farm in Queensland, which is being developed by Spanish company X-Elio and last month attracted the backing of the Clean Energy Finance Corporation.
Australian market, key for growth and new investments
In 2021 the company secured a major investment from international financier Trilantic Europe, which determined the growth in Australia as a key market for the Group.
“Australia continues to be one of Gransolar Group’s most important markets and Trilantic will further strengthen our position here,” said Carlos Lopez, the managing director of Gransolar Australia.
The future depends on energy storage
Gransolar Group has completed more than 100 solar farms in 17 countries, mostly through GRS as its founding EPC, and is now opening a new line of investigations in large-scale energy storage as part core of their business. E22, the company’s battery division, is focusing on VRFB and green hydrogen technology.
Gransolar Group forecasts a revenue growth above 50% for 2022, and expects to continue on this trajectory counting on its success in Australia as a main driving force.
Source: Renew Economy; Sophie Vorrath, deputy editor.