Grenergy Renovables S A : increases its investment plan to €3.7 billion by 2028

About this update from Grenergy Renovables S.a

The company launches Iberian Oasis (1GW + 3.2GWh), the platform that replicates in Spain the hybrid model successfully developed in Chile, while also expanding its Chilean platforms. The Oasis platforms as a whole total 5GW and 22GWh Grenergy accelerates Greenbox, its European storage platform, with the aim of reaching 8GWh in operation and under construction by 2028 The company unveils its project to drive data center development in ChileMadrid, May 27, 2026. Grenergy has today presented an update to its business plan through to 2028, which increases the planned investment to €3.7 billion. This figure includes €1.5 billion in 2028, allocated to the development of Greenbox, its stand-alone battery platform, and its Oasis solar and storage platforms. The updated roadmap reinforces the company's commitment to Europe, which is expected to account for nearly 45% of total investment, on par with Chile, while the United States will represent approximately 5% of planned CAPEX. Hybridization: launch of Iberian Oasis and expansion of Chilean platforms The key milestone in Spain is the launch of Iberian Oasis, a new platform through which Grenergy aims to replicate in the Iberian market the solar-plus-storage hybrid model successfully developed in Chile. Grenergy considers the Spanish market strategic due to its high renewable energy penetration and the critical role storage will play in system management: supplying energy during non-solar hours, improving operational efficiency, and replacing other baseload energy sources such as gas. Iberian Oasis includes 1GW of solar capacity and 3.2GWh of storage, with an estimated CAPEX of €1 billion. The project builds on developments such as Escuderos (200MW solar and 680MWh storage) and the new hybridization project, Índalo (100MW solar and 320MWh storage), in addition to other assets currently under negotiation. At the same time, Grenergy is expanding its Chilean platforms. Oasis Atacama will reach 2.5GW of solar capacity and 14.1GWh of storage, while Central Oasis in central Chile will grow to 1.4GW solar and 5.1GWh storage. Altogether, the Oasis platforms now total 5GW and 22GWh. Greenbox: Europe's stand-alone storage platform continues making steady progress The company aims to reach 8GWh in operation and under construction by 2028, consolidating Greenbox as one of the largest BESS platforms in the European Union. Its ...

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