MADRID: Spain’s Grenergy plans to more than double its US solar power generation and battery storage projects pipeline in the next three years under a 2.6 billion euro ($2.84 billion) investment strategy.
Spain’s energy firms such as renewables giant Iberdrola and oil major Repsol have increased their focus on the United States as they try to take advantage of massive subsidies included in the Inflation Reduction Act (IRA).
“The US is the future,” Grenergy operations chief Pablo Otin said during its first capital markets day on Tuesday.
