Grenergy expands Chile project
Grenergy will expand its Oasis de Atacama battery project in Chile with two new phases through the acquisition of 1 GW of solar power.
Image for illustration purposes.
Chile: Grenergy will expand its Oasis de Atacama battery project in Chile with two new phases through the acquisition of 1 GW of solar power, including a 1 GW energized line, from Repsol and Ibereólica. The operation comprises a 77 MW solar project and 923 MW of PV projects in various stages of development.
Grenergy will invest $128 million in this transaction, which will allow it to multiply the size of the project, whose battery storage capacity will increase to 11 GWh from the current 4.1 GWh and double its solar PV generation capacity from 1 GW to 2 GW. It also has a 1 GW interconnection line built and energised, which will facilitate the connection process of the projects under development.
The project is expected to produce around 5.5 TWh of energy per year, to be transferred to non-solar hours. The first phase is set to be connected by the end of 2024, while the remaining phases will be connected mainly between 2025 and 2026. Grenergy has agreed to sell the energy from the first four phases, with the remaining phases in advanced negotiation.
Source: renews.biz
