Grenergy Sells Oasis Atacama Project to ContourGlobal

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

Grenergy Renovables S.A. has agreed to sell all phases of the Oasis Atacama project in northern Chile to ContourGlobal for an enterprise value of $962 million, including project debt and potential earn-outs. The sale aligns with strategic moves, as Phase 1 is set to be operational early 2025, while Phases 2 and 3 are slated for later in the year. This significant transaction highlights Grenergy’s dynamic approach to renewable energy investment.

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