PPA signed for 241 MW Solar project in Chile

Grenergy has secured a 12-year power purchase agreement (PPA) for its 241 MW Gran Teno solar project located in the province of Curicó, Chile. The company has agreed to supply 140 GWh of annual electricity to an undisclosed international utility and has signed up to supply a total of 285 GWh of the renewable power across this project.

The solar farm will become the company's largest project once operational in December 2023. The facility will have the capacity to provide electricity to more than 136,000 households and save more than 147,000 tonnes of CO2 emissions per year.

The Gran Teno solar park will significantly boost renewable energy production in Chile, which is set on achieving 70% of renewable energy by 2030. This is in line with the country's commitment to the Paris Climate Agreement, which aims to limit the global temperature rise to within 1.5 degrees Celsius above preindustrial levels.