Spain-based Grenergy has acquired a 1 GW solar portfolio from Repsol and Ibereólica, further expanding its Oasis de Atacama project in Chile. This acquisition, worth $128 million, will increase Oasis de Atacama’s solar capacity to 2 GW and boost its energy storage to 11 GWh, making it one of the largest hybrid solar-battery projects globally. The project will generate 5.5 TWh annually, enough to power a city the size of Madrid and reduce CO2 emissions by 1.4 million tons each year. The first phase of Oasis de Atacama is expected to be operational by the end of 2024, with the remaining phases completed by 2026. Grenergy has secured PPAs for the first four phases and is in advance negotiation for the remaining phases.
Related News
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Masdar, Sarawak Energy partner for floating solar in Malaysia
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)
Avangrid completes key phase at Camino Solar in California
Poland’s solar sector is set to benefit from Suntech’s advanced TOPCon modules under a new 200 MW distribution partnership. (Image Source: Suntech/ Linkedin)
Suntech Power signs 200 MW solar LOI with Polish energy
Telecrown’s order from RRP Semiconductor includes silicon solar cells and polycrystalline materials for Maharashtra’s growing renewable energy sector. (Image Credit/Source: fietzfotos/Pixabay)