DNV supports Grenergy in securing project financing for 398 MW solar and 1.4 GWh battery storage portfolio in Chile

Financing SolarStorageHybridBattery Storage signed Chile Mar 23, 2026

398 MW

Capacity

development

Stage

Central Oasis portfolio

Project

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.

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Counterparts (5)

technical_advisor

DNV

company · 2 deals

DNV is an independent assurance and risk management provider. They operate in more than 100 countries and help companies advance their safety, quality, and sustainability performance.

Lender

BNP Paribas

company · 6 deals

BNP Paribas is a global financial institution that provides financing and investment solutions across various sectors, including renewable energy. They support the development and deployment of renewable energy projects through project finance, advisory services, and capital markets solutions.

Santander

company · 7 deals

Banco Santander is a global financial institution offering a range of services including retail banking, corporate and investment banking, asset management, and consumer finance. The company focuses on building lasting loyalty among its shareholders and supporting education, employability, and entrepreneurship.

Rabobank

company · 1 deals

Rabobank is a cooperative bank with a focus on food and agriculture. They provide financial services and investments across various sectors, including infrastructure projects related to sustainable development and energy transition.

Developer

Grenergy

company · 2 deals

Grenergy Renovables is a renewable energy company focused on developing, building, and operating clean energy projects, including solar and storage. They operate internationally and are involved in the entire project lifecycle, from development to power generation.

Deal 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.

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

Source Intelligence

KEY DETAILS

DNV was engaged to provide comprehensive market consultancy and technical advisory services to support the financing process. The scope included market due diligence to evaluate project feasibility, detailed review of power purchase agreements, and independent auditing of the expected operational strategy for the BESS assets. DNV’s analysis assessed the plant’s ability to meet Chilean regulatory requirements and PPA obligations through optimised dispatch, revenue stacking, and capacity income forecasting. Tailored scenarios were developed to support lenders in understanding long-term market risks and revenue certainty.

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Capacity

covering 398 MW of solar photovoltaic capacity, alongside 1.4 GWh of battery energy storage.

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Location

securing project financing for its Central Oasis portfolio in Chile, covering 398 MW of solar photovoltaic capacity, alongside 1.4 GWh of battery energy storage. The transaction covers systems located in the Maule and Bíobío regions.

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PPA Details

detailed review of power purchase agreements

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Announcement

Monday, 23 March 2026

PARTIES MENTIONED IN SOURCE

Grenergy Renovables borrower

"DNV has acted as market consultant to Grenergy Renovables , supporting the company in securing project financing for its Central Oasis portfolio in Chile"

DNV advisor

"Independent energy expert and assurance provider DNV has acted as market consultant to Grenergy Renovables"

BNP Paribas lender

"The financing, arranged with leading international financial institutions including BNP Paribas as coordinating bank"

Santander lender

"along with Santander and Rabobank"

Rabobank lender

"along with Santander and Rabobank"

medium quality Enriched Mar 25, 2026

Timeline

Announced

Mar 23, 2026

Signed

Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Source

DNV supports Grenergy in securing financing for major solar and battery storage portfolio

View Full Deal Details

DNV supports Grenergy in securing project financing for 398 MW solar and 1.4 GWh battery storage portfolio in Chile

Counterparts (5)

Deal Analysis

Source Intelligence

Timeline

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