Grenergy has sold to ContourGlobal a portfolio of assets that represents the 23% of Atacama Oasisthe largest energy storage project in the world, for up to 962 million dollarsaccording to the information sent to the National Securities Market Commission (CNMV). Specifically, the firm has agreed to the sale of 100% of phases 1, 2 and 3 of the project (451MW + 2.54GWh) to ContourGlobal – a KKR company – for an enterprise value of $962 million, which includes approximately 50 million dollars depending on the fulfillment of «certain milestones». Additionally, this figure includes an associated project debt of $643 million. The company hopes that phase 1 is connected before the end of the year and is fully operational during the first quarter of 2025. For its part, it is confident that phase 2 and 3 will come into operation in the second quarter of 2025 and in the fourth quarter of 2025, respectively. «It is anticipated that the transfer of said asset, which is subject to the fulfillment of certain customary conditions, will close in the next few days«, he explains. Grenergy closed this same week other 299 million dollars in financing for Oasis de Atacamathrough a new green non-recourse loan for phase 3 of the project (Víctor Jara) with international financial entities BNP Paribas, Natixis Corporate & Investment Banking, Société Générale, The Bank of Nova Scotia and SMBC. «This operation highlights the confidence generated by Grenergy's growth plans and its solid business modelsince they have the support of the same international banks that also financed phases 1 and 2 of Oasis de Atacama. In total, the financing of the first three phases of the project amounts to 644 million dollars,» he adds.