Grenergy and EMOAC towards a historic contract

Grenergy announces a historic partnership with EMOAC, combining solar energy and storage for a sustainable energy transition.

Share:

Innovation énergétique Grenergy-EMOAC

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

In a world where environmental concerns and sustainability are increasingly high on the agenda, Grenergy has recently taken a major step forward. The company has signed a green energy supply agreement with EMOAC, a subsidiary of Copec. This agreement, which is Grenergy’s first non-solar PPA, marks a turning point in the renewable energy industry.

Grenergy’s commitment to sustainable development

Grenergy, founded in 2007 and listed on the Spanish stock exchange since 2015, has established itself as an independent producer of energy from renewable sources, mainly photovoltaic, wind and storage. The company has established a significant global presence with a platform of over 15GW in various stages of development in eleven countries, covering markets in Europe (Spain, Italy, Germany, Poland and the UK), North America (USA) and Latin America (Chile, Peru, Mexico, Argentina and Colombia).

Grenergy’s Growth Strategy and the Importance of the Agreement

The 15-year agreement will see Grenergy supply over 8 TWh of green energy to EMOAC, underlining the company’s commitment to energy storage solutions and solar projects. This initiative is part of Grenergy’s energy storage-related growth plans, which will be unveiled at their Capital Markets Day.

EMOAC and the Energy Transition in Chile

Grenergy’s presence in Chile dates back to 2012, when it centralized all its South American operations. After more than a decade in the country, Grenergy has become the company with the most connected power plants, over 70, and projects totaling more than 1.3GW, including those under construction and those already built. David Ruiz de Andrés, CEO of Grenergy, emphasized the company’s pioneering spirit and the historic importance of this agreement in the renewable energy industry. On the other hand, EMOAC, also spoke through its partner and General Manager, Vannia Toro, who highlighted the importance of this agreement for customers’ energy transition and the growth of better and more energy solutions in Chile.

Future prospects for renewable energies

The agreement between Grenergy and EMOAC not only represents a significant step forward for both companies, but also testifies to a growing trend towards more sustainable and innovative energy solutions in the sector. This underlines the importance of collaboration and innovation in the pursuit of an efficient and responsible energy transition.

The agreement between Grenergy and EMOAC represents a major milestone in the renewable energy industry, combining solar power and storage. This collaboration illustrates the growing commitment to a sustainable energy transition, and marks a significant step forward for the future of renewable energy.

A sudden fault on the national grid cut electricity supply to several regions of Nigeria, reigniting concerns about the stability of the transmission system.
Re-elected president Irfaan Ali announces stricter production-sharing agreements to increase national economic returns.
Coal India issues tenders to develop 5 GW of renewable capacity, split between solar and wind, as part of its long-term energy strategy.
US utilities anticipate a rapid increase in high-intensity loads, targeting 147 GW of new capacity by 2035, with a strategic shift toward deregulated markets.
France opens a national consultation on RTE’s plan to invest €100 billion by 2040 to modernise the high-voltage electricity transmission grid.
Governor Gavin Newsom orders state agencies to fast-track clean energy projects to capture Inflation Reduction Act credits before deadlines expire.
Germany’s energy transition could cost up to €5.4tn ($6.3tn) by 2049, according to the main industry organisation, raising concerns over national competitiveness.
Facing blackouts imposed by the authorities, small businesses in Iran record mounting losses amid drought, fuel shortages and pressure on the national power grid.
Russian group T Plus plans to stabilise its electricity output at 57.6 TWh in 2025, despite a decline recorded in the first half of the year, according to Chief Executive Officer Pavel Snikkars.
In France, the Commission de régulation de l’énergie issues a clarification on ten statements shared over the summer, correcting several figures regarding tariffs, production and investments in the electricity sector.
A group of 85 researchers challenges the scientific validity of the climate report released by the US Department of Energy, citing partial methods and the absence of independent peer review.
Five energy infrastructure projects have been added to the list of cross-border renewable projects, making them eligible for financial support under the CEF Energy programme.
The Tanzanian government launches a national consultation to accelerate the rollout of compressed natural gas, mobilising public and private financing to secure energy supply and lower fuel costs.
The Kuwaiti government has invited three international consortia to submit bids for the first phase of the Al Khairan project, combining power generation and desalination.
Nigeria’s state-owned oil company abandons plans to sell the Port Harcourt refinery and confirms a maintenance programme despite high operating costs.
The publication of the Multiannual Energy Programme decree, awaited for two years, is compromised by internal political tensions, jeopardising strategic investments in nuclear and renewables.
The US Energy Information Administration reschedules or cancels several publications, affecting the availability of critical data for oil, gas and renewables markets.
Brazilian authorities have launched a large-scale operation targeting a money laundering system linked to the fuel sector, involving investment funds, fintechs, and more than 1,000 service stations across the country.
A national study by the Davies Group reveals widespread American support for the simultaneous development of both renewable and fossil energy sources, with strong approval for natural gas and solar energy.
The South Korean government compels ten petrochemical groups to cut up to 3.7 million tons of naphtha cracking per year, tying financial and tax support to swift and documented restructuring measures.

Log in to read this article

You'll also have access to a selection of our best content.