Solar and storage solutions company Gransolar Group has secured investment from international financier Trilantic Europe to accelerate its growth in Australia and around the world.
The deal will see Trilantic take a 60 per cent stake in Gransolar Group, which has built +1GW solar and storage in Australia, including the 200MW Blue Grass solar farm in Australia.
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Gransolar Group’s management team will continue and the backing of Trilantic will supercharge their growth plans, especially in Australia, a key market for the company.
Gransolar Group Australia managing director Carlos Lopez said, “We’re delighted to have Trilantic on board. They are committed to working with our current team to help us achieve and beat our ambitious targets. That means delivering more projects for our clients and helping the world transition to clean energy.
“Australia continues to be one of the Gransolar Group’s most important markets and Trilantic will further strengthen our position here. The investment demonstrates the confidence experienced investors have in our business, its potential and our ability to deliver solar and storage solutions for our clients.”
Gransolar Group is forecast to achieve revenue growth above 50 per cent this financial year, and expects to continue on this trajectory as demand increases for solar and storage projects.
The company’s growth is driven by its success in Australia, where it has worked on renewable projects across the county, such as the Longwarry battery in Victoria, and has created hundreds of regional jobs since it entered the market in 2017.
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“2022 is set to be another strong year for Gransolar Group in Australia and our local workforce. We are looking forward to announcing new solar and storage projects in the coming months, and helping the country achieve its emissions reductions targets,” Lopez added.
Trilantic’s interest in Gransolar Group continues the trend of investment funds seeking access to clean energy projects.
