The plant represents an investment of $264 million and will have an installed capacity of 340 MW of solar energy and 960 MWh of battery storage. The plant is expected to be connected in early 2027.
The event has been attended by the Minister of Finance, the Minister of Economy, Development and Tourism, and the Minister of Labour and Social Security, as well as other local institutional representatives and representatives from the country's energy sector.
Monte Águila is part of the Central Oasis platform, promoted by Grenergy in central Chile. This platform has a projected capacity of 1.1 GW of solar energy and 3.8 GWh of storage and includes five phases planned to come into operation in 2027.
All phases already have power purchase agreements (PPAs) in place, including the first base load PPA—for continuous 24/7 supply—signed with Codelco, the Chilean state-owned company and the world's leading copper producer.
Central Oasis aims to replicate the hybridisation model developed by Grenergy at Oasis de Atacama, one of the world's largest battery platforms and the first in Latin America, located in northern Chile. This project has a projected capacity of 2 GW and 11 GWh of storage, and is expected to be completed in 2027, with a total estimated investment of 2 billion euros.
The success of the Atacama and Central Oasis platforms in Chile sets the stage for a new generation of hybrid projects that the company plans to roll out in other markets, including Spain.
In line with its 2025-2027 strategic plan, presented at its latest Capital Markets Day in London, the company plans to transfer this model to the Escuderos plant, located in Castilla-La Mancha. This plant, which is expected to reach 200 MW of solar power and 704 MWh of storage, is set to become a European benchmark in solar hybridisation and energy storage, replicating the model developed in Chile.
In addition, the company has also announced Greenbox, the stand-alone battery platform in Europe that is another key part of its strategic plan. This initiative continues to progress at a good pace with Oviedo (Spain) as its flagship project.
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