Grenergy has acquired 100 per cent of a 1 GW solar capacity and a 1 GW energised line, from Repsol and Ibereólica. This acquisition supports the expansion of Grenergy’s Oasis de Atacama project. The company will invest $128 million in this transaction, increasing the battery storage capacity from 4.1 GWh to 11 GWh and doubling the solar PV generation capacity from 1 GW to 2 GW.
The deal includes a 77 MW solar project and 923 MW of PV projects in various stages of development. A 1 GW interconnection line has already been built and energised, facilitating the connection of the projects under development. Grenergy has agreed to sell energy from the first four phases, while the remaining phases are in advanced negotiations. Financial closure for the first two phases, totalling $345 million, has been secured with BNP Paribas, Natixis, Société Générale, The Bank of Nova Scotia, and SMBC.
In July 2024, Grenergy secured USD 345 million in green financing for the Oasis De Atacama project from a group of international banks including BNP Paribas, Natixis Corporate & Investment Banking, Societe Generale, The Bank of Nova Scotia, and SMBC.
