Grenergy to sell power from future Matarani solar plant to Enel in Peru

The Spanish company Grenergy signed a long-term sales contract (PPA) to supply green energy from the future Matarani solar park (Arequipa) to Enel Generación Perú, which in turn operates hydroelectric and renewable energy plants. The plant has a peak capacity of 97 megawatts (MW).

Under the agreement, Grenergy will supply a total of 2.7 terawatt-hours (TWh) from the photovoltaic plant over a 15-year period.

The Matarani solar power plant will have an annual production capacity of 260 gigawatt-hours (GWh) in the Mollendo desert. It will be the third largest renewable facility in Peru and is already under construction, aiming to start operations in 2024.

Once commissioned, it will supply the national system with renewable energy equivalent to the consumption of approximately 62,000 households and will contribute to the decarbonization of the country.

"Thanks to Matarani, a total of 56,092 tons of CO2 (carbon dioxide) will no longer be emitted annually. Grenergy has extensive experience in the Andean country, where it has been present since 2014 and where it has a platform of about 1 GW (gigawatt)," said the company.

Worldwide operations

In the world, Grenergy operates in Latin America, the United States and Europe. In these three regions, the company claims to have "ambitious" expansion plans. Thus, the aforementioned contract with Enel Generación Perú is in addition to the one recently signed in Chile for its Gran Teno solar plant (241 MW).

The company currently has a total of 1.6 GW of long-term contracted capacity and is negotiating another 1.5 GW in different markets.

"We continue to demonstrate the ability to close large deals in all geographies, giving us sufficient financial strength to continue to drive our growth plans," said David Ruiz de Andrés, CEO of Grenergy.

The company has a global project platform of more than 14 GW in various stages of development in the 11 countries where it operates in the European market (Spain, Italy, Germany, Poland and the United Kingdom), North America (United States) and Latin America (Chile, Peru, Mexico, Argentina and Colombia).