Brazil

Grenergy, a Spanish developer, has unveiled a $2.6 billion investment plan for 2023-2026, focusing on renewable energy.This includes constructing the world’s largest battery storage power plant in Chile, named Oasis de Atacama.

The project will enhance Chile’s role in renewable energy significantly.The company plans to allocate $1.5 billion for photovoltaics and $800 million for energy storage.These investments highlight the shift towards sustainable energy.

Chile stands out as a key market for Grenergy, especially in the solar and storage sectors.To support this expansion, Grenergy will continue its plant rotation model.

This involves funding projects and later selling them to investors.Chile to Host World’s Largest Battery Storage Plant.

(Photo Internet reproduction)The company expects to sell 350MW-450MW of solar capacity annually and 1GWh of storage capacity.

This strategy could generate around $600 million by 2026.Grenergy earlier secured Power Purchase Agreements for solar projects in Chile and Spain.These agreements, involving projects of 241 MW and 259 MW, demonstrate the importance of these markets, particularly Chile.The Oasis de Atacama project, with a 4.1 GWh capacity and an additional 1 GW of solar power, is set to break global records.It costs $1.4 billion and is scheduled for completion in 36 months across five phases.Grenergy’s CEO, David Ruiz de Andrés, points out Chile’s unique advantages.The Atacama Desert offers optimal conditions for solar energy, making Chile a key player in energy storage.Grid-Scale StorageChile’s energy market is increasingly focusing on grid-scale storage, which is crucial for capacity and renewable energy load shifting.In the first five months of 2023, Chile faced a curtailment of about 735 GWh of renewable energy.

This project marks a significant step towards more efficient energy utilization.Chile’s rich lithium reserves position it well in the energy storage market.

The country is moving beyond raw lithium export to developing local supply chains.This shift aims to make energy grids more reliable, leveraging lithium-ion batteries for effective energy storage and grid stability. 





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.


STRIPE


[Brazil] - WEG and Horse Forge Path to Eco-Friendly Transport


The New Wave of Mozambique?s Economic Resilience


Maduro's Media Gambit: Remodeling an Image for Votes


Ibovespa Rises Slightly Amid Promises of Spending Cuts



Angola's Soaring Inflation: A Harsh Reality Check for a Struggling Economy


Bitcoin Falls to Lowest Price in a Month, Triggers $193 Million Liquidation


Having Severed Ties With Israel, Colombia Considers Swedish Gripen Jets


Venezuela?s Energy Crisis: A Struggle Beyond Oil


[Brazil] - U.S. Dollar Climbs Past R$ 5.40, First Time Since 2022 Amid Economic Tensions


[Brazil] - MercadoLibre Achieves New Milestone in Global Brand Value Rankings


Colombian Peso Hits New Low: Surpasses COP$4,000 Against Dollar


Brazil?s Tax Reform: States and Cities Eye Wealthier Wallets for Revenue Boost


[Brazil] - Brazil and Saudi Arabia: A Growing Economic Alliance


Audi's Billion-Euro Charge: Powering Mexico's Shift to Electric Vehicles


[Brazil] - Brazilian Stock Market Records Yearly Low Amid Political and Economic Uncertainties


Rede D?Or Shares Surge Amid Strategic Moves and Analyst Upgrades


[Brazil] - Huge Money Moves: BNDES's Hefty Dividend Payments to Brazil's Government


EU Slaps Heavy Tariffs on Chinese Electric Cars Amid Subsidy Concerns


Dollar Soars to Yearly High Against Brazilian Real as Uncertainties Loom


Oil Prices Climb Nearly 3% Amid Anticipated Demand Increase


Commodity Watch: Vital Insights into Gold, Corn, and Oil Markets


War and Weather: Ukraine?s Grain Output Faces a Harsh Reality in 2024



Resource Wars and Economic Reforms in Central Africa


[Brazil] - Ibovespa Stalls Amid Global Financial Uncertainty


Surging Rice Prices Spark Caution: Bank of America?s Take on Camil and M. Dias Branco


A World Adrift: Art Meets Ecology in the Caribbean Depths


[Brazil] - Argentina Tops Latin America in Mining Investment Attractiveness


[Brazil] - Brazil's Revenue Rally and the Deficit Dilemma


[Brazil] - Dollar Surges as Brazil Faces Fiscal Uncertainty


[Brazil] - Fiscal Fears: Leaked Meeting Rattles Brazil's Markets


May Sees Notable Inflation Decrease in Buenos Aires


Bolivia?s Trade Troubles: Exports and Imports Plunge in Early 2024


Stimulating Futures: Venezuela and Turkey's Strategic Pact


Significant Weekly Decline in Chicago Wheat Futures


[Brazil] - PetroReconcavo's Path to Dividend Dominance


Oil Edges Lower as Dollar Strengthens



[Brazil] - Ibovespa's Sharp Drop Amid Global Economic Tensions


2024 F1 Canadian Grand Prix: Schedule and How to Watch Live


[Brazil] - Brazil's Electric Car Surge: 2024 Sales Already Beat 2023 Totals



[Brazil] - Brazil's Army Chief is Fostering Strategic Advances With China


[Brazil] - Brazil's Batista Brothers Expand into Latin American Energy Sector


[Brazil] - Brazil Takes Aim at Online Misinformation with Help from Tech Giants


[Brazil] - Brazilian Oil Output Declines in April


[Brazil] - Greenback Slides: Commodities and Currencies Align


[Brazil] - Santander's Top Picks in Brazil's Metals and Mining: What You Need to Know


Oil Prices Surge Over 1% Following Statements from Saudi Minister


[Brazil] - A Resilient Rise: Ibovespa's Strong Rebound Amid Global Financial Shifts


[Brazil] - Brazil's Trade Surplus: A Detailed Look at May's Economic Dynamics


[Brazil] - Demanding Justice: Brazil Seeks $21 Billion for Dam Disaster Reparation


Latin American Exports Rise Amid Coffee, Soybean, and Commodity Volatility


China Invests Heavily in Brazilian Renewable Energy Sector


Eletrobras and Petrobras Drive Major Corporate Developments in Brazil Today


[Brazil] - Zamp to Acquire Starbucks Brazil: A Major Move in the Fast Food Industry


[Brazil] - U.S. Dollar Hits 15-Month High Against the Real


Political Tumult Hits Argentina's Markets: Bonds Drop and Risks Soar


Colombian Coffee?s Remarkable Revival


[Brazil] - Goldman Sachs Revises Outlook: Upgrades RUMO and Localiza, Downgrades WEG and CCR


[Brazil] - Behind the Numbers: Ibovespa's Struggle Against Global Tides


[Brazil] - Brazil's New Law: Opening Public Debt to Global Investors


Venezuela Sees Record Low Inflation: A Glimmer of StabilityIn May 2024, Venezuela's inflation rate reached a historical low of 78%annually, the lowest since 2017. This decline from previous months highlights the Central Bank of Venezuela's( BCV)efforts t


Increasing Tide: Mozambique's Economic Surge and Agricultural Innovations


Entrance Unlocked: Italy's Move to Ease Travel for Dominicans


Morgan Stanley Backs Brazilian Malls: Iguatemi and Allos Shine





70