The solar plant El Olivo in Chile. Source: Grenergy Renovables SA
Japanese renewables firm Eurus Energy Holdings Corp has purchased 20.68 MW of solar parks in Chile from Spain-based independent power producer Grenergy Renovables SA (BME:GRE).
The facilities were acquired by Eurus Energy America Corp, the companies said on Monday without providing financial details on the deal. The photovoltaic (PV) assets, the given capacity of which is in Direct Current (DC), include the La Esperanza and Marchigue plants in central Chile’s O'Higgins region.
Both projects were developed and constructed by Grenergy. The parks use PV panels supplied by Canadian Solar Inc (NASDAQ:CSIQ), while inverters and solar tracking systems were provided by Spain-based Ingeteam SA and Grupo Clavijo, respectively. They started generating electricity at the beginning of this year.
Following the sale, Grenergy will continue to deliver operations and maintenance (O&M) services for the plants.
Eurus Energy noted that the acquisition will enable it to expand its footprint in Chile, which is a “new growth market” for the company, said president and CEO Satoshi Takahata.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.