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.
Grenergy secures financing for Oasis de Atacama project
Grenergy’s Oasis de Atacama project aims to significantly reduce CO2 emissions with a robust renewable energy setup. (Photo Credit: pixabay)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)