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Spain's Grenergy sells assets in Chile to KKR for $962 million
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Spain's Grenergy sells assets in Chile to KKR for $962 million
Dec 17, 2024 11:23 PM

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.

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