Portfolio of solar assets in Chile acquired from Grenergy

InterEnergy has agreed terms to acquire 12 solar power plants from Grenergy Renovables, S.A. for $28.5 Million.

The portfolio of solar PV projects have a total installed capacity of 45MW. All of these projects fall under the 9MW level and benefit from Chile’s PMGD regime which grants beneficial connection arrangements to the distribution system and the option to choose different energy price mechanisms. The main advantage of PMGD projects is that they have priority of dispatch to the network over non-PMGD generators.

InterEnergy owns and operates power generation and distribution assets, and fuel distribution and logistics businesses in Latin America and the Caribbean.

Grenergy is a project developer and an independent power producer. The company – based in Spain – designs, develops, and executes renewable energy plants, including photovoltaic and wind energy plants.