Grenergy rises after it buys 1GW solar portfolio in Chile

Grenergy Renovables SA

23/09/2024 08:59

** Grenergy's  GREG.MC  shares rise around 8% to their
highest price since July after it said it bought 1GW solar
portfolio in Chile from Repsol  REP.MC  and Ibereolica for $128
million
    ** "We welcome the agreement as it could lead to bigger
economies at Oasis Atacama and a future extension of the
agreement with BYD for the supply of batteries on more
beneficial terms," Renta 4 analysts say
    ** If gains hold, shares will see their best day since June
    ** Up to the previous session's close, shares were down 1%​
YTD

    
  

 (Reporting by Matteo Allievi)
 ((Matteo.allievi@thomsonreuters.com))