March 12 (Reuters) - Grenergy Renovables SA GREG.MC:
SECURES CAPACITY CONTRACTS FOR 760 MWH STORAGE PROJECTS IN THE UK
CONTRACTS TO BEGIN CONTRIBUTING TO STABILITY OF ELECTRICITY GRID FROM OCT 2029, WITH DURATION OF 15 YEARS
SERVICES WILL BE REMUNERATED AT A FIXED PRICE, IMPLYING FOR GRENERGY MINIMUM ECONOMIC ALLOCATION EXCEEDING 40 MILLION EUROS
PROJECTS EXPECT REVENUES FROM CAPACITY, ENERGY TRADING, ANCILLARY SERVICES MARKETS
Source text: nCNMbBl8Xr
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