Brief: Grenergy Agrees To Sell Phase 4 Of Oasis Atacama Project In Chile To DIF
01/09/2025 16:48
Sept 1 (Reuters) - Grenergy Renovables SA: GREG.MC AGREES TO SELL PHASE 4 OF OASIS ATACAMA PROJECT (272MW + 1.1GWH) IN NORTHERN CHILE TO SELL 100% OF PHASE 4 OF PROJECT FOR ENTERPRISE VALUE $475 MILLION TO SELL TO DIF - DUTCH FUND ACQUIRED BY CVC IN 2024 PROJECT'S COMMERCIAL OPERATION DATE (COD) EXPECTED IN H1 2026, AND TRANSFER OF ASSETS TO TAKE PLACE SUBSEQUENTLY GRENERGY WILL ALSO CARRY OUT OPERATION AND MAINTENANCE ACTIVITIES FOR PERIOD OF FIVE YEARS ENTERPRISE VALUE INCLUDES ABOUT $24 MILLION CONTIGENT ON ACHIEVEMENT OF CERTAIN MILESTONES (EARN-OUTS) Source text: nCNM97zvPc Further company coverage: GREG.MC (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com;))