Enlight Renewable Energy announced on June 3, 2025, the signing of financing agreements totaling approximately $310 million for the Hybridisation of its Gecama Project in Spain. This project involves integrating a solar array and a utility-scale energy storage system at the existing 329 MW Gecama wind farm, which is currently Spain’s largest.
The integrated facility, with a total capacity of 554 MW and 220 MWh, is designed to deliver clean electricity around the clock at a competitive cost. The solar and storage components are expected to reach commercial operation in the second half of 2026, and their addition is projected to increase the Gecama Project’s annual revenues by $38–40 million and EBITDA by $31–33 million in the first full year of operation.
With all three components fully operational, the integrated project is expected to generate annual revenues of $95–105 million and EBITDA of $75–80 million. The financing, led by MEAG Infrastructure Debt Transactions, is structured on a merchant basis, reflecting confidence in Enlight’s management capabilities and the economic potential of the Gecama site. This project is set to become the largest renewable energy complex of its kind in Spain.
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