METLEN signs Copec deal to sell 165 MW hybrid project Tamarico II in Chile

METLEN signed an agreement with Copec S.A. to sell the Tamarico II hybrid renewable project in Chile, with the transaction running through Copec's subsidiary Copec Flux S.p.A. The Greek outlets voria.gr, Skai, Newsbomb and Naftemporiki all reported the signing, and the two companies are the only parties the accounts name. Newsbomb reported that the project sits in the Atacama region and combines solar generation with battery storage on one site.

The asset is a photovoltaic plant with 165 MW of installed capacity paired with a battery energy storage system rated at 725 MWh, expandable to 925 MWh, according to voria.gr and Naftemporiki. The storage specification carries more weight than the panel count for how the project will operate, because batteries let a Chilean solar asset shift production into evening hours instead of selling only at midday. The expansion option to 925 MWh is the only forward-looking detail in the reports, and it carries no timeline. The capacity figures are identical across every account reviewed, which points to a single source document behind all of them.

Skai reported that the sale confirms METLEN's ability to develop, construct, operate and capitalize the value of its own renewable energy projects. That is the seller's own framing, and it describes a developer disposing of an asset it brought through the pipeline rather than one that holds generation assets for long-term revenue. Copec acts through Copec Flux S.p.A., the subsidiary Newsbomb named, and none of the accounts describes Copec's existing generation portfolio or how Tamarico II would fit into it.

None of the four Greek accounts states a purchase value, a payment structure, an expected closing date, or whether METLEN keeps an operational role after the transfer. There is no construction status either, so it is unclear whether Copec is acquiring operating capacity or a development-stage project. Skai, Newsbomb and Naftemporiki show no publication date in the material available, and their text runs nearly word for word with voria.gr's, leaving the timing of the signing unresolved.

The four accounts trace to one company announcement distributed to national business desks. Each outlet published the same capacity figures and the same project description, and none adds a second source, an analyst estimate or a competing account of the terms. A filing, a disclosed price or a statement from Copec confirming the deal on its own terms would change that reading.

More Greek outlets could pick the story up, and the details worth watching are the ones the current reports omit. A disclosed price would show whether METLEN is capitalizing value on its own terms or accepting a smaller return to close the sale. A decision on expanding storage from 725 MWh to 925 MWh would indicate whether the buyer plans to grow the asset. Until one of those appears, the deal is known only through a single announcement repeated across four sites.