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)
The Mockingbird Solar Center invests $500 million in renewable energy and creates 550 jobs in Texas. (Image Credit/Source: MarkStebnicki/Pexels)
The $529 million Vikings project supports grid stability by shifting daytime solar energy to meet peak demand periods. (Image Credit/Source: NadeemJafar/Pexels)
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)