Grenergy Completes Sale of Gabriela Energy Project in Chile for $475 Million
Spanish energy company Grenergy has finalized the sale of its Gabriela hybrid solar and battery storage project to CVC DIF, a private equity firm focused on infrastructure. The transaction is valued at $475 million (€409.32m) and marks another step in Grenergy's asset rotation strategy as outlined in its 2026–28 Strategic Plan. Gabriela features 272MW of solar PV capacity and 1.1GWh of battery storage, supported by a long-term power purchase agreement (PPA). The project reached commercial operation before the deal was finalized. Grenergy will continue to provide operations and maintenance services for five years post-sale. This is the second major asset sale from Grenergy's Oasis de Atacama platform in Chile, following an earlier $1 billion transaction with ContourGlobal last year. CVC DIF highlighted Gabriela’s role in enhancing grid flexibility and resilience through its hybrid energy model.
