Spanish renewable energy company Grenergy has announced the launch of a reverse auction in Chile for the sale of nearly 2 TWh of electricity annually from its solar and battery storage facilities.
The 1.7 TWh per year auction is being managed by GR Power, Grenergy’s energy commercialisation division in Chile.
The initiative is open to generators, retailers, and large-scale consumers seeking energy supply in the coming years. Grenergy described it as “offering an innovative and competitive way of buying and selling energy.”
The auction will supply approximately 1,400 GWh per year of stored energy during nighttime hours, alongside 300 GWh of solar generation. Delivery is scheduled between the first half of 2026 and the first half of 2027.
This marks the second time Grenergy has organised a renewable energy auction of its own. The company made history in March 2022 as the first clean energy producer in Latin America to conduct such a process.
Grenergy says the model allows a wider range of generators, energy marketers, and corporations to participate in Chile’s growing clean energy market.
The auction is being held through Match Energía, the local electricity trading platform. Applications are currently open and will be accepted until 6 May.
Grenergy has operated in Chile for over a decade and holds one of the country’s largest renewable portfolios, including 18.3 GWh of energy storage capacity and 4.1 GW of solar projects.
Among these is its flagship development, Oasis de Atacama – set to become one of the largest battery storage systems globally.
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