Grenergy Secures $299M for Oasis Atacama Expansion

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

Grenergy Renovables S.A. has secured a $299 million green financing deal for the third phase of its Oasis Atacama project, partnering with major financial institutions like BNP Paribas and Société Générale. This phase includes 230MW of solar power and 1.3GWh of energy storage, bringing the total project financing to $643 million for 451MW solar and 2.5GWh storage. The company has also signed a 15-year power purchase agreement for the energy produced.

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