Grenergy to build, sell Chilean solar parks of 30.6 MWp to CarbonFree

Esperanza solar power plant. Source: Grenergy Renovables

February 12 (Renewables Now) – Grenergy Renovables SA (BME:GRE) has agreed to build and sell four small-scale solar projects totalling 30.6 MWp in Chile to CarbonFree Chile SpA, a unit of Canadian solar developer CarbonFree Technology Inc.

The agreement closed at USD 33 million (EUR 29.3), which will be reflected in Grenergy’s 2018/2019 income statement, the Spanish renewable energy company said Monday.

Grenergy will also be in charge of the operations and maintenance (O&M) of the plants, which will be located in the Chilean regions of Maule and O’Higgins.

Electricity generated by the facilities will be sold to the Chilean grid under the small distributed generation programme, locally known as PMGD.

The construction phase is set to begin in the first quarter of 2019. China’s Trina Solar will supply 370-W monocrystalline solar modules, Spain’s Axial Structural Solutions will deliver ground mounted single-axis trackers, and Ingeteam Corporacion SA will provide 1.5-MW inverters.

For the Canadian company, the new solar projects are a part of a broader Chilean portfolio which includes schemes of about 200 MW in operation, under construction or in late-stage development.

Last week, Grenergy finalised the sale of three Chilean small-scale photovoltaic (PV) facilities totalling 12 MWp to Latin American power plants operator InterEnergy Holdings.

The Spanish company will also construct two solar plants totalling 18 MWp for Sonnedix, in addition to building and selling 12 small-scale solar schemes of 125 MWp to South Korea’s Daelim.

(USD 1.0 = EUR 0.88)

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Sladjana is the newest addition to the Renewables Now team. She has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry.

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