METLEN completes landmark renewables transaction in Chile

Metlen announced the successful and timely completion of the fiscal closing of the disposal of a ample conception of its Chilean portfolio, which includes 4 projects with operational solar capableness of 588MW supported by constructed co-located Battery Energy Storage Systems (“BESS”) with capableness of 1,610 MWh.

This transaction with GAC RS Chile II SpA, a subsidiary of Glenfarne Group, LLC (“Glenfarne”), signed successful April 2025, forms portion of the planetary Asset Rotation Plan of METLEN. With the fulfilment of definite conditions, the total information of USD 865 million reflects the value instauration opportunities emerging successful the Chilean marketplace on with our integral relation towards the cognition of the projects successful this increasing hybrid (PV and co-located BESS) plus class.

Evangelos Mytilineos, Chairman of METLEN Energy & Metals, with the accidental of this transaction, pointed retired that the co-located Solar and BESS task will pave the way guardant successful the company’s Global Asset Rotation Plan. With caller projects developed connected a hybrid ground but besides done the hybridization of existing solar projects METLEN’s Energy Transition Platform is uniquely positioned to seizure this emerging and increasing opportunity.

On the lawsuit of the completion Nikos Papapetrou, Chief Executive Director Renewables & Energy Transition Platform said, “The completion of this landmark transaction showcases our strong execution capabilities successful the LATAM portion arsenic well arsenic METLEN’s unique quality to connection an integrated value proposition to the capitalist assemblage under its Asset Rotation Plan. With Chile being a frontrunner for long-duration BESS, we are leveraging our cognition crossed development, design, engineering and operation capabilities to make semipermanent value successful the rapidly changing planetary renewable vigor landscape”.

Glenfarne is simply a long-standing trusted spouse of METLEN, and this transaction is simply a culmination of a maturation journey, which we aspire to grow successful further areas of activities where we stock communal interests.

Glenfarne Chief Executive Officer and Founder Brendan Duval said, “With this acquisition, Glenfarne is expanding the technology diverseness of our infrastructure by adding artillery capableness and expanding geographic and gross diversification. METLEN has been a terrific spouse passim this transaction and our communal absorption connected vigor information and sustainability make opportunities for aboriginal practice successful Glenfarne’s businesses crossed the Americas.”

The completion of the transaction supports deleveraging and further enhances METLEN’s fiscal strength arsenic of extremity 2025, with a outgo successful excess of USD 800 million.

This result highlights the accordant execution of METLEN’s Asset Rotation Plan, enabling value crystallization and deployment of superior successful high-growth opportunities crossed METLEN’S concern segments.