en.Wedoany.com Reported - Matrix announced today that it has connected 15 renewable energy projects to the grid in Spain, with a combined installed capacity of 691 MW. These projects include Cruz de los Caminos and Piedra de la Sal, which achieved financial close in early 2025 and signed long-term power purchase agreements with Merck. Matrix stated that this dual operation underscores the company's long-term commitment to Spain's energy transition.

Through the grid connection announcement for these two renewable energy projects, Matrix revealed that it will continue to advance its hybridization strategy for existing and future plants, integrating energy storage systems and wind power technology to optimize asset performance and provide greater flexibility to the grid. Matrix also plans to develop standalone battery energy storage systems to build a balanced and diversified asset portfolio.

Sergio Arbeláez, Managing Director of Matrix Renewables for Europe and Latin America, said: "The grid connection of the Cruz de los Caminos and Piedra de la Sal projects is yet another achievement just five years after the company's founding... This milestone consolidates our presence in Spain, a benchmark country for the global renewable energy sector, and reflects our long-term commitment to this market."

Matrix Renewables is a renewable energy company created and backed by TPG Group, a global alternative asset management firm with an impact investing platform of $31 billion. The company currently has a portfolio of 15,500 MW of solar, storage, and green hydrogen projects across Europe, the United States, and Latin America.

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