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METLEN Completes Renewables Transaction in Chile
Metlen Energy & Metals PLC has successfully completed the disposal of a significant segment of its Chilean portfolio, comprising four projects with 588 MW of operating solar capacity and 1,610 MWh of co-located Battery Energy Storage Systems, for a total consideration of USD 865 million. This transaction, part of the company's global Asset Rotation Plan, strengthens Metlen's balance sheet, increases its liquidity, and demonstrates robust execution capabilities, positioning the company to capture emerging opportunities in the hybrid renewable energy asset class. Disclaimer*
About this update from Metlen Energy & Metals Plc
[{"type":"text","content":"\n\nPRESS RELEASE\nMETLEN Completes Landmark Renewables Transaction in Chile with Enhanced Terms\n· Significant Portfolio Scale: Four projects totalling 588 MW operating solar capacity and 1,610 MWh constructed co-located BESS.\n· Transaction terms: Final consideration of USD 865 million.\n· Balance Sheet Deleverage: Completion strengthens METLEN's balance sheet.\n· METLEN increases its total liquidity, while significantly strengthening the company's balance sheet in view of ongoing industrial and energy investments and potential M&A transactions\n· Robust and Proven Capabilities: Demonstrates solid execution of the asset rotation program \nAthens, Greece / London, United Kingdom - December 23, 2025 - METLEN Energy & Metals [PLC] (\"METLEN\") is pleased to announce the successful and timely completion of the financial closing of the disposal of large segment of its Chilean portfolio, which includes four projects with operational solar capacity of 588MW supported by constructed co-located Battery Energy Storage Systems (\"BESS\") with capacity of 1,610 MWh.\nThis transaction with GAC RS Chile II SpA, a subsidiary of Glenfarne Group, LLC (\"Glenfarne\"), signed in April 2025, forms part of the global Asset Rotation Plan of METLEN. With the fulfilment of certain conditions, the total consideration of USD 865 million reflects the value creation opportunities emerging in the Chilean market along with our integral role towards the operation of the projects in this growing hybrid (PV and co-located BESS) asset class. \nMr. Evangelos Mytilineos, Chairman of METLEN Energy & Metals, with the opportunity of this transaction, pointed that co-located Solar and BESS project will pave the way forward in the company's Global Asset Rotation Plan. With new projects developed on a hybrid basis but also through the hybridization of existing solar projects METLEN's Energy Transition Platform is uniquely positioned to capture this emerging and growing opportunity.\nOn the event of the completion Nikos Papapetrou, Chief Executive Director Renewables & Energy Transition Platform said, \"The completion of this landmark transaction showcases our strong execution capabilities in the LATAM region as well as METLEN's unique ability to of...