DNV supports Grenergy in securing project financing for 398 MW solar and 1.4 GWh battery storage portfolio in Chile
Type: Financing · Technology: Solar, Storage, Hybrid · Country: Chile · Capacity: 398 MW · Announced: 2026-03-23
Grenergy Renovables has secured project financing for its Central Oasis portfolio in Chile, comprising 398 MW of solar photovoltaic capacity and 1.4 GWh of battery energy storage. Independent energy expert DNV acted as market consultant and technical advisor to Grenergy, providing market due diligence, PPA review, and operational strategy auditing. The financing was arranged with a consortium of international financial institutions, including BNP Paribas as coordinating bank, alongside Santander and Rabobank. This deal is crucial for Chile's energy transition, supporting its carbon neutrality targets and the integration of firm renewable capacity.
Analysis
Grenergy Renovables secured project financing for its 398 MW solar photovoltaic and 1.4 GWh battery energy storage Central Oasis portfolio in Chile. Independent energy expert DNV acted as market consultant and technical advisor to Grenergy, providing market due diligence, PPA review, and operational strategy auditing for the portfolio. The financing was arranged with a consortium of international financial institutions, including BNP Paribas as coordinating bank, alongside Santander and Rabobank. The Central Oasis portfolio is in the development stage. This financing supports Chile's carbon neutrality targets and the integration of firm renewable capacity.
Key points
- Project financing secured by Grenergy Renovables
- Central Oasis portfolio in Chile, comprising 398 MW solar and 1.4 GWh battery storage
- DNV served as market consultant and technical advisor
- Financing consortium included BNP Paribas, Santander, and Rabobank
- Project is in the development stage
Counterparties
- Rabobank (Lender)
- Santander (Lender)
- BNP Paribas (Lender)
- Grenergy (Developer)
- DNV (Technical Advisor)