"We’re excited to support incredible entrepreneurs like Juan Cano, Jerónimo Méndez de la Maza and Manuel Jiménez Ribes". The company is celebrating its new investment in "the energy of the future", in the words of Kaho Ha, one of the partners of the German fund Global Realty Capital (GRC) on LinkedIn, confirming the good news shared in the same publication by ElEconomista.es.

According to the Spanish newspaper, the fund, which specialises in real estate assets, has decided to diversify its investments by entering the renewable energy industry. It has done so with an investment of 40 million euros in Oryx Power, which specialises in development, management and investment in renewable energy assets, and with activities in Europe, Latin America and Africa.

Over 200 million euros
As ElEconomista.es indicates, GRC arrived in the Spanish market in 2019 and  has invested more than 200 million euros since then in around twenty transactions, all of them in the real estate industry. Its arrival at Oryx Power will open up a new horizon of renewable energy projects for it ranging from solar and wind to hydroelectric and storage technologies.

Kaho Ha's post continues: "One of our objectives is that every company and household can produce its own renewable energy in its own space. We will provide a comprehensive service including 100% of the investment for the required facilities. So, as a consumer, you don't need to do anything while saving on your energy bill, improving your energy mix and making our planet more sustainable!"

Projects under development
Until now, GRC only had one experience outside the real estate industry in the German market. With this investment, it joins a portfolio that includes 300 megawatts under development in Spain and more than 1,500 megawatts outside the country. Oryx's objective is to reach 1,000 megawatts in Spain and 5,000 megawatts abroad in the next two years.

Another objective of Oryx, now joined by GRC, is to grow in the industrial self-consumption market mentioned by Kaho Ha. The company expects to install 500 megawatts in this industry in five years. And  as the partner of the German fund says, to achieve domestic self-consumption in the future.

^{Photo: Oryx Power}