Grenergy Renovables S.A (ES:GRE) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.
For further insights into ES:GRE stock, check out TipRanks’ Stock Analysis page.