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Eurus Energy’s Footprint Expands to Chile

SAN DIEGO, California, MADRID, Spain, and TOKYO, Japan (Sept. 18, 2017): Eurus Energy America Corporation (“Eurus”) and Grenergy Renovables, S.A. (“Grenergy”) are pleased to announce the acquisition by Eurus of Grenergy’s 100% ownership interests in the La Esperanza and Marchigüe Solar Projects. Each project comprises a 9MWac solar power facility, with a combined total peak power of 20.68 MWdc, and were developed and built by Grenergy.
The La Esperanza and Marchigüe projects, located southwest of Santiago, Chile, in the O’Higgins Region, use Canadian Solar panels, Ingeteam inverters and Clavijo trackers. The projects began delivering carbon-free electricity in early 2017 and are among the first non-recourse project financed distributed generation projects selling energy under the Stabilized Pricing program in Chile.

Grenergy will continue to operate the plants through its O&M and Asset Management divisions.
“Our investment in the La Esperanza and Marchigüe solar projects marks an important step in expanding our footprint in South America to Chile,” says Eurus President & CEO Satoshi Takahata. “We expect a long partnership with Grenergy, not only in Chile but also other countries in the region. Through this acquisition, we expand into a new growth market for Eurus.”

“We are delighted to have a sponsor like Eurus, with whom we hope to further expand our collaboration in other markets, both in PV and wind,” says David Ruiz de Andrés, CEO of Grenergy Renovables.”

Grenergy Renovables Contact:
Mercedes Español
+(34) 91 708 19 70

Eurus Energy America Corporation Contact:
Michael Whittle
+1 858-205-4513

About Grenergy Renovables, S.A.:
Grenergy Renovables is a Spanish company that develops, builds and operates renewable energy projects, mainly wind and photovoltaic energy plants. Its business model encompasses all project phases, from development through construction and financial stabilization to the management and operation of the power plants. In 2012 it settled in LATAM, where it is present in Chile, Peru, Argentina, Mexico and Colombia with a pipeline of over 1.300 MWs in various stages of development.

About Eurus Energy America Corporation:
Eurus Energy America is the wholly-owned subsidiary of Tokyo-based Eurus Energy Holdings (www.eurusenergy.com) and is responsible for renewable energy investment in the Americas, now comprising more than 609 megawatts in wind and solar power generation.  Eurus Energy Holdings, owned by Toyota Tsusho Corporation and Tokyo Electric Power Company Holdings, Inc, is a global developer, owner and operator of renewable energy facilities, including both wind and solar, with more than 2,735 megawatts worldwide.  Eurus Energy America has been active in the United States for over twenty five years, and started its activity in South America in 2013.