METLEN Energy & Metals, a Greece-based industrial and energy group, has completed financial closing for its Chilean renewables portfolio sale comprising four projects before this year-end. These assets feature 588 MW of operational solar capacity paired with 1,610 MWh co-located BESS for grid stability. The buyer, GAC RS Chile II SpA under Glenfarne Group, signed the deal in April 2025 with final consideration reaching $865 million. Payments exceeding USD 800 million were received by end 2025 to support balance sheet deleveraging efforts. This transaction advances METLEN's global Asset Rotation Plan by crystallizing value from mature hybrid solar-BESS assets for reinvestment. Executives of METLEN Energy & Metals have noted that such co-located projects position the energy transition platform for future hybrid developments worldwide. Recently, EDF power solutions UK and Ireland has selected METLEN Energy & Metals to deliver the 400 MW Longfield Solar Farm in Essex.
METLEN completes $865 million Chile solar and storage transaction
METLEN has completed disposal of a Chile-based solar and BESS portfolio by covering 588 MW with 1,610 MWh of storage for a consideration of $865 million.
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