Grenergy secures financing for Oasis de Atacama project

Grenergy has reached financial closure for the initial phases of its ambitious Oasis de Atacama project in Chile. The $1.4 billion solar-plus-storage project will feature 1 GW of solar capacity and 4.1 GWh of energy storage, spread across five phases. The first connection is expected by the end of 2024, with further phases rolling out in 2025. A long-term PPA for 260 MW of solar and 220 MW of storage has been signed, ensuring the project’s viability. This initiative will provide renewable energy to over 145,000 homes. Grenergy Renovables, a Spanish company founded in 2007 operates globally with over 15 GW of solar projects in development across Europe, North America, and Latin America.