Dec 18 (Reuters) - Spanish renewable company Grenergy
has agreed to sell an asset portfolio in Chile to
ContourGlobal, a KKR company, for an enterprise value of
$962 million.
The transaction includes $50 million based on the achievement
of certain milestones and a debt of $643 million, Grenergy said
in a filing to the Spanish stock market regulator late on
Tuesday.
The assets include a 23% stake in Oasis de Atacama, the
largest electricity storage project in the world with a capacity
of nearly 11 gigawatt hours, and solar energy generation
projects with a potential capacity of 2 gigawatts.
The deal is expected to be completed in the coming days, the
company added.