Thus, Grenergy will sell part of the energy produced by its Gran Teno and Tamango solar farms to this international utility with a strong presence in the Chilean market, as company informed the Spanish National Securities Market Commission (CNMV) today.
These agreements have a duration of 12 and 15 years and will come into force as of June and July 2024. The two photovoltaic plants that the listed company is building in Chile, Gran Teno, with 240 MWp, and Tamango, with 48 MWp, are scheduled to start operating in 2023, and will generate enough energy to supply 70,000 homes with electricity, saving 214,067 tonnes of CO2 per year.
Chile is one of the most important markets for Grenergy in Latin America. This is where it has installed its operations centre for Latin America, where the listed company already has a pipeline of more than 5.5 GW in different stages of development, including solar and wind projects. Half of these projects are located in Chile (2.8GW), with more than 50 plants and 2.6 GWh of battery projects under development.
Globally, Grenergy's total solar and wind pipeline now reaches 13 GW in a total of 11 markets spread across Europe, the US and Latin America. Of these,
1.4 GW is already in operation and construction projects.
According to David Ruiz de Andrés, CEO of Grenergy, "This agreement demonstrates the company's structure and capacity to close long-term power purchase and sale contracts as well as to boost our growth plans in a market as important to us as the Chilean market."