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Spanish energy producer Grenergy sells three SSDG solar farms in Chile

Spanish renewable energy producer Grenergy has sold three SSDG solar farms in Chile. The company has been engaged in development, construction, and management of photovoltaic, wind and storage projects

The farms were sold to the Spanish Securities and Exchange Commission (CNMV), as Chile is the main market for the company.

It has been reported that the latest development follows “Grenergy's strategy of maintaining a recurring asset rotation and demonstrates the listed company's ability to realize the value of its renewable assets.”

The three photovoltaic plants include Dolores, Zaturno and Buenaventura.

With these, the company aims to boost its growth in three markets Latin America, Europe and the US.

Currently, the company is building 500 MW and developing 2.8 GW between solar and wind and 2.6 GWh of battery projects in these places.

Grenergy's CEO, David Ruiz de Andrés commented, "with this transaction, Grenergy continues to demonstrate the value per MW of its assets under construction and the ability to generate cash from these assets to continue to grow."

To be noted, Grenergy has a total of 1.4 GW of installed capacity with a pipeline of 11.4 GW and 7.7 GWh of storage projects under development.

The company aims to achieve 5 GW of installed solar and wind projects by 2025.