Grenergy secures $9.8m to build three new solar plants in Chile

Adding to its growing Chilean portfolio, Grenergy has made further headway as a market leader in the Chilean energy industry. The company has secured the financing of three new solar plants in the Andean country with the Inter-American Corporation of Infrastructure Financing (CIFI) for an amount of 9.8 million dollars (9.3 million euros), as reported by the Alternative Stock Market (MAB).

This is proof of the company’s increased activity in Chile, the country pioneering the renewable revolution in Latin America, as just one week ago it hooked up the Marchigüe and La Esperanza (O’Higgins region) plants to the national power grid. What’s more, these are the southernmost multi-MW projects in the world, with an output of 20.6 MMP, proving that solar energy can be profitable even in the higher latitudes of the planet.

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