Summary
- Solaria's data centre infrastructure sales rose 355% year on year to €99.6m.
- Contracted data centre capacity has increased to 438MW under its Powered Land model.
- The Spanish energy company is monetising grid access alongside renewable generation.
Solaria generated €99.6 million of data centre infrastructure sales in the first half of 2026, showing how grid-connected land and electrical infrastructure are becoming a material business line for the Spanish renewable-energy company.
Sales from the division rose 355% from €21.9 million a year earlier and were already 34% higher than the revenue it generated across the whole of 2025.
Solaria said the income comes mainly from milestones under its Powered Land model, which combines suitable land with guaranteed grid connection for data centre developers.
The company has also signed a second 213MW agreement for data centres, taking contracted capacity to 438MW. That is almost twice the 225MW level it presented at its Investor Day in November 2025.
The figures sit inside a wider improvement in Solaria’s first-half results. Group revenue more than doubled to €167.2 million, EBITDA increased 50% to €210.1 million, and net profit rose 52% to €124.9 million.
Grid access becomes a saleable infrastructure product
The results illustrate how the European data centre power bottleneck is changing the role of energy developers. Solaria is not simply selling renewable electricity into the sector. Its model monetises control of land and connection rights before a data centre has been built.
That matters in markets where the availability of grid capacity can determine whether a proposed site is commercially usable. A parcel of land with planning potential but no credible route to electricity has limited value for a large digital-infrastructure project; land that arrives with power secured moves much closer to development-ready status.
Solaria said its infrastructure business has become the principal catalyst of its first-half performance. The scale of the increase also helps explain why renewable developers, utilities, grid specialists, and property owners are increasingly appearing in the data centre development chain.
One of Solaria’s projects links renewable generation directly with planned digital infrastructure. The company said its completed 175MW Oliva solar plant will supply a 70MW data centre project in Daganzo, near Madrid.
It is also developing the Puertollano data centre project previously covered by DataCentral, part of a broader move into digital infrastructure that places power access close to the centre of its development model.
The economics are different from conventional solar generation. Solaria says every megawatt committed to data centres must clear a minimum 12% return threshold, indicating that it is treating grid access, land, and electrical infrastructure as a higher-value development product rather than an ancillary route to selling electricity.
The strategy also carries execution risk. Contracted megawatts do not automatically become commissioned data centre capacity, and development remains exposed to planning, network reinforcement, construction, customer delivery schedules, and the wider availability of transformers, switchgear, and other high-voltage equipment.
Solaria invested €275.8 million during the half while reducing its ratio of net financial debt to last-12-month EBITDA from 5.4 times at the end of 2025 to 3.9 times.
The company plans another Investor Day in November, when it is expected to update its strategic plan and growth targets. With 438MW now contracted, the data centre business has moved far enough into the financial statements that future updates will provide a clearer test of how rapidly Powered Land agreements convert into built electrical infrastructure and operating capacity.
