The two plants, located in the regions of Maule and O´Higgins, will have an individual capacity of 6MWn and 9MWn, respectively, and will be built directly by Grenergy. The company will continue to operate the plants through its O&M divisions, within the framework of the Chilean PMGD project regulation, marketing the energy under the Stabilized Price system in Chile.
This operation will have a direct impact on Grenergy’s income statement for 2018 and 2019, boosting compliance with the Business Plan presented a few weeks ago, with which the company seeks to strengthen its position as an Independent Energy Producer (IPP) in the next two years with the objective of reaching 350 MW in operation.
This agreement also comes just weeks after Grenergy signed with the South Korean company Daelim for the sale and construction of twelve PMGD solar plants in Chile with a power of 125 MWp and an investment of around €125 million.
All this has allowed the company to scale up and close 2018 with a 254% percent increase on the stock exchange, being the company that grew the most not only on the MAB - where it has been listed since 2015 - but also the company that rose the most on the Spanish stock exchange throughout the year.
