Grenergy photo voltaic plant in Quillagua, Chile
Picture: Grenergy
From pv journal LatAm
Spain-based challenge developer Grenergy stated it has secured a long-term PPA for a large-scale solar-plus-storage challenge below growth in Chile by an unspecified energy utility with an investment-grade credit standing.
Grenergy stated the PPA has a length of 15 years and pertains to the fourth part of its large 1 GW/4 GWh Oasis de Atacama solar-plus-storage challenge. The fourth part of the challenge has a capability of 260 MW/1,100 MWh.
Grenergy stated it’ll provide shut to eight TWh to the utility throughout the aforementioned interval, with provide starting within the second quarter of 2026, “though the plant is anticipated to return into operation in 2025.”
The PPA follows the corporate’s announcement of its first long-term PPA for two GWh akin to the primary three phases of Oasis de Atacama. Grenergy plans to take a position as much as $1.4 billion within the challenge, and with this contract would have already got 75% of its deliberate capability closed below PPAs, is claimed.
Final week, Greenergy stated it acquired 1.1 GWh of batteries for the Oasis de Atacama challenge, based mostly on an settlement with BYD, for the primary two phases of the storage-plus-solar challenge.
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