Grenergy has inked a new hybrid PPA to supply about 8 TWh green energy for 15 years to an international utility. With this agreement, Grenergy has accumulated contracts worth €2.7 billion. The plant is anticipated to be operational in 2025. Meanwhile, the supply of green energy is planned for the second quarter of 2026.
This agreement is for the Oasis de Atacama, a solar plus storage project with a capacity of 4.1 GWh and close to 1 GW solar. The energy will come from the fourth phase, corresponding to a solar generation capacity of 260 MW and up to 1,100 MWh of storage.
Grenergy Renovables is a Spanish company created in 2007 as an independent producer of energy from renewable sources, mainly solar and storage. The company has a global platform of more than 15 GW of solar in various stages of development in eleven countries where it operates in the European (Spain, Italy, Germany, Poland and the United Kingdom), North American (United States) and Latin American (Chile, Peru, Mexico and Colombia) markets.
REGlobal’s Views: Although European, Grenergy is fast expanding its presence in the Americas. It already has long-term sales contract for 2 GWh from the Oasis de Atacama, and this corresponds to the first three phases of the project. This recent successful signing of hybrid PPA for the fourth phase of the project cements the company’s position in Chile’s growing solar and storage market.
