Enerside Energy connects its first own solar farm to the grid, which will provide recurring positive ebitda this year

  • The company has made an investment of about €4.5M in this facility located in Chile and which is also the first to start up as an independent energy operator (IPP) in this country. 
  • In a few weeks it also plans to connect the Linares solar park, also in Chile that is currently in the testing phase with the distributor.
  • According to its strategic plan, Enerside aims to have 100 MW of its own generation in operation in Chile by 2025, in PMGD distributed generation projects. 

Barcelona, 13 June 2023.  Enerside Energy, a Spanish company vertically integrated in the photovoltaic solar industry, has just connected the first of the two own solar farms that it plans to launch this year in Chile as an independent energy operator and which is also the first own park that starts operating in its entire global portfolio.

The Renaico wind farm, located in the center-south of Chile, has involved an investment of €4.45 million and will provide a recurring annual EBITDA of half a million euros.

Renaico is a distributed generation solar park that has a power of 7.5 MW and according to company estimates will produce 14,578 MWh / year of energy, and according to its design will avoid the emission of 5,950 tons of CO2 annually.

The project has been fully developed and built in-house by the Enerside team. The EPC phase began in March 2022 and has been connected once the tests with the local distributor have been passed.

With the start-up of its first park as an independent power producer (IPP), the company is making progress in meeting its objective of having recurring revenues generated by this branch of activity this year, which it decided to address with its new strategic plan.

The second own solar farm in Chile is already in the testing phase

In Chile, in addition to the Renaico park, Enerside Energy plans to connect the 5.8MW Linares solar park in a few weeks, which is currently in the testing phase with the local distributor.

Both parks correspond to PMGDs (Small Means of Distributed Generation) projects, which are characterized by shorter development deadlines, lower environmental requirements and important economic benefits such as exemption from tolls and the possibility of benefiting from the stabilized price regime, which establishes long-term visibility of energy prices.

It was precisely with the aim of being able to develop its own parks that, in March of last year, Enerside carried out a capital increase and began trading on BME Growth. Since then, the company has experienced strong growth in its revenues from its activities for third parties, which will now be complemented by the start of the recurring EBITDA contribution derived from its activity as a IPP.

About Enerside

Enerside is a vertically integrated company in the photovoltaic solar energy sector, which stands out for its strong industrial profile and geographical diversification in the markets with the greatest potential for solar energy (Spain, Italy, Brazil and Chile).

The company is currently immersed in promoting the development of 5.5 GW in differentiated, highly qualified projects with an advanced degree of maturity that give it an excellent position to capture demand growth and a great capacity to generate value, through the sale of projects in the RTB (Ready To Build) phase and with the direct exploitation of part of the pipeline as an independent power producer (IPP).

More information at  www.enerside.com

Press contact:

Laura Sabaté
Project Manager
Tel. 616 952 066

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