Grenergy launches a reverse energy auction in Chile

This is an automated translation of the original release published in Spanish

PRESS RELEASE from Grenergy
April 16, 2025

Madrid, April 16, 2025.—Grenergy has launched a reverse auction in Chile for the sale of 1.7 TWh/year of energy from various of the company's photovoltaic and battery storage plants in the country.

Through its Chilean marketing division, GR Power , this initiative is aimed at generators, marketers, and large consumers with energy demands in the coming years, offering an innovative and competitive energy purchasing and selling method.

The auction includes the injection of 1,400 GWh/year of stored energy in batteries during the nighttime period, in addition to 300 GWh of photovoltaic production, with delivery expected between the first half of 2026 and the first half of 2027.

This is the second time Grenergy has launched its own renewable energy auction. In fact, in March 2022, the company became the first clean energy producer in Latin America to hold an auction of this type. Thanks to this model, the company's reach is expanded to a greater number of generators, retailers, and other corporations interested in the energy transition.

The auction is being conducted through the local electricity marketplace Match Energía. The application period is now open and will run until May 6.

Chile, a strategic market for Grenergy

With over 12 years of presence in Chile, Grenergy has become the company with the largest number of renewable energy plants built in the country. It currently has a pipeline of 18.3 GWh of storage and 4.1 GW of solar.

Chile has been chosen to develop Oasis de Atacama, its flagship project and one of the largest battery systems in the world.

Grenergy's Chilean office, the largest after its headquarters in Spain, is the center of operations for Latin America, also managing its activities in Peru, Colombia, and Mexico.

About Grenergy

Grenergy is a Spanish multinational clean energy producer. Founded in 2007, it has been listed on the Spanish stock exchange since 2015. The company develops, builds, and operates photovoltaic solar plants and is also a pioneer in the storage industry.

It operates in three regions: Europe (Spain, Italy, Germany, Poland, Romania, and the United Kingdom), North America (United States), and Latin America (Chile, Peru, Mexico, and Colombia). Its global portfolio exceeds 26.9 GWh of storage capacity and 16.6 GW of solar capacity, in various stages of development.

Thanks to its commitment to batteries, it can offer clean, affordable, reliable, and constant energy. Anywhere, anytime, 24/7.

About GR Power

GR Power is Grenergy's clean energy marketing division in Chile. Its energy, sourced primarily from plants developed and operated by the company, guarantees a constant supply 24/7, thanks to its strong commitment to battery storage.