The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

PPA signed for Grenergy’s Oasis de Atacama project in Chile, featuring ‘world’s biggest’ BESS

By JP Casey
LinkedIn
Twitter
Reddit
Facebook
Email

Spanish independent power producer (IPP) Grenergy has signed a power purchase agreement (PPA) for the fourth phase of its Oasis de Atacama solar-plus-storage project in Chile, which has the largest capacity of any storage project in the world.

Grenergy is commissioning the project, which was announced in 2023, in four phases, and expects to begin operation in 2025. The fourth phase of development will see Grenergy add 260MW of new solar capacity, alongside 1.1GWh of new storage capacity, which will help the project reach its total nameplate capacity of 1GW of solar and 4.1GWh of storage.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company signed the PPA with an unnamed “international utility with an investment grade credit rating”, and the utility will acquire power generated at this phase of the project for 15 years. Grenergy has already completed PPAs for other phases of the project, with Chilean energy company EMOAC signing a 15-year deal, and Grenergy has now completed contracts worth €2.7 billion (US$2.9 billion) at the project.

To read the full version of this story, visit PV Tech.

Read Next

Premium
March 1, 2024
This Friday Briefing covers how advanced inverters can impact CO2 levels and why fire safety is a topic the industry can tackle together.
March 1, 2024
London Stock Exchange-listed battery storage investment firm Harmony Energy Income Trust (HEIT) has predicted that it can generate “attractive returns” despite the ongoing woes in battery energy storage revenues in the GB market.
Premium
March 1, 2024
Italy grid-scale energy storage market opportunities unlike anywhere else, but many challenges and uncertainties around the different revenue streams remain, including the upcoming MACSE capacity market auction.
February 29, 2024
EDF Renewables North America has signed a PPA with California utility Southern California Public Power Authority (SCPPA) for part of the offtake of a solar-plus-storage project in neighbouring Nevada with a 780MWh BESS.
Premium
February 29, 2024
We hear from industry sources about why we’ve seen a flurry of investors acquiring energy storage developer-operators in the UK and Germany, Europe’s two largest markets by BESS deployments.

Most Popular

Email Newsletter