Press Releases — Grenergy launches a reverse energy auction in Chile

Grenergy has launched a reverse auction in Chile for the sale of 1.7 TWh/year of energy from the company’s various photovoltaic and battery storage plants in the country.

Through its commercialisation division in Chile, GR Power, this initiative is aimed at generators, retailers and large consumers with energy demand in the coming years, offering an innovative and competitive way of buying and selling energy.

The auction envisages the injection of 1,400 GWh/year of energy stored in batteries during the night period, in addition to 300 GWh of photovoltaic production, with supply 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 such an auction. Thanks to this model, the reach is extended to a larger number of generators, marketers and other corporations interested in the energy transition.

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

Chile, a strategic market for Grenergy

With more than 12 years of presence in Chile, Grenergy has become the company with the most 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 the country chosen to develop Oasis de Atacama, its flagship project and one of the largest battery systems in the world.