BRIEF-Grenergy Agrees To Sell Phase 4 Of Oasis Atacama Project In Chile To DIF

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Sept 1 (Reuters) - Grenergy Renovables SA: GREG.MC

AGREES TO SELL PHASE 4 OF OASIS ATACAMA PROJECT (272MW + 1.1GWH) IN NORTHERN CHILE
TO SELL 100% OF PHASE 4 OF PROJECT FOR ENTERPRISE VALUE $475 MILLION
TO SELL TO DIF - DUTCH FUND ACQUIRED BY CVC IN 2024
PROJECT'S COMMERCIAL OPERATION DATE (COD) EXPECTED IN H1 2026, AND TRANSFER OF ASSETS TO TAKE PLACE SUBSEQUENTLY
GRENERGY WILL ALSO CARRY OUT OPERATION AND MAINTENANCE ACTIVITIES FOR PERIOD OF FIVE YEARS
ENTERPRISE VALUE INCLUDES ABOUT $24 MILLION CONTIGENT ON ACHIEVEMENT OF CERTAIN MILESTONES (EARN-OUTS)

Source text: nCNM97zvPc

Further company coverage: GREG.MC

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com;))

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