Grenergy unveils €3.5B hybrid solar-storage push in Chile & Spain

Spain’s Grenergy has announced a €3.5B plan for 2025–2027 to scale hybrid solar and storage in Chile, launch Greenbox in Europe, and expand GR Power operations.

By Prudhvi Rani 29 May 2025 in Business Bytes Project Bytes

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GR Power also signed Chile’s first 24/7 PPA with Codelco as part of Grenergy’s hybrid platform expansion in Atacama and Central Oasis. Image Source: Grenergy

Spanish multinational clean energy producer, Grenergy, has announced a €3.5 billion (~$3.95 billion) investment plan for 2025–2027 to expand solar-plus-storage projects and launch the Greenbox platform in Europe. The strategy is built on hybridization in Chile and Spain, standalone storage in Europe, and 24/7 solar supply via GR Power in Chile. By 2027, the company aims to reach 4.4 GW of installed solar and 18.8 GWh of battery storage. Oasis de Atacama is expected to reach 2 GW and 11 GWh with €2 billion (~$ 2.25 billion) investment. Central Oasis has secured PPAs, including Codelco, and targets 1.1 GW and 3.8 GWh. Escuderos in Spain combines 200 MW solar and 704 MWh storage. Greenbox has a 35 GWh pipeline in six countries, led by Oviedo in Spain. GR Power has signed Chile’s first 24/7 PPA and launched a 1.7 TWh reverse auction, supporting Grenergy’s strategy to expand clean energy in unregulated markets.

#Spain #OasisdeAtacama #GRPower #Grenergy

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