Spain's Grenergy sells 32.5 MWp of DG solar in Chile

Spanish renewables firm Grenergy Renovables SL (BME:GRE) said on Tuesday it had closed the sale of three solar distributed generation (DG) projects in Chile for USD 44.2 million (EUR 41.4m)

The projects have a combined capacity of 32.5 MWp, spread between Dolores, Buenaventura and Zaturno sites, each of 10.8 MWp.

All three projects are PMGDs, meaning that they are covered by a special regulatory regime for small-scale DG plants and entitled to sell electricity at stabilised prices. The name of the buyer or buyers was not disclosed.

The sale is part of Grenergy’s build-to-sell strategy, which enables it to generate cash to support the financing of its goals as an independent power producer, the firm said.

(USD 1.0 = EUR 0.937)

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