Brief: Metlen Signs $815 Million Deal With Glenfarne For Solar And Battery Energy Storage Projects In Chile

Metlen Energy & Metals SA

23/04/2025 07:52

April 23 (Reuters) - Metlen Energy & Metals SA MYTr.AT:

REACHES AGREEMENT WITH GLENFARNE FOR GLENFARNE TO ACQUIRE A PORTFOLIO OF SOLAR AND BATTERY ENERGY STORAGE SYSTEM (BESS) ASSETS IN CHILE

DEAL INCLUDES SOLAR PROJECTS WITH A TOTAL CAPACITY OF 588 MW AND BESS FACILITIES WITH A STORAGE CAPACITY OF 1,610 MWH

ACQUISITION IS VALUED AT $815 MILLION INCLUDING DEBT

CONSTRUCTION OF THE BESS FACILITIES IS ONGOING AND EXPECTED TO BE COMPLETED WITHIN A YEAR

DEAL IS PART OF METLEN'S GLOBAL ASSET ROTATION PROGRAM FOR RENEWABLE ENERGY PROJECTS

Further company coverage: [MYTr.AT]

 (Gdansk Newsroom)

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