Grenergy Expands Chile Solar Operations with $128M Acquisition
Company Announcements

Grenergy Expands Chile Solar Operations with $128M Acquisition

Grenergy Renovables S.A (ES:GRE) has released an update.

Grenergy Renovables S.A. has announced the acquisition of a 1GW solar portfolio from Repsol and Ibereólica for $128 million, aiming to enhance it with battery hybridization in Chile. The deal includes a 77 MWp operational project and 923 MWp in development, with an existing 1GW interconnection line to aid in project completion. The investment will notably expand Grenergy’s Oasis de Atacama project with increased solar capacity and significant battery storage capabilities.

For further insights into ES:GRE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Spain Auto-Generated NewsdeskGrenergy Announces 9-Month Results Presentation
TipRanks Spain Auto-Generated NewsdeskGrenergy Renovables Launches €150M Green Financing
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App