Grenergy secures $355m funding for Chile's Central Oasis platform

Grenergy has finalized a $355 million senior non-recourse financing arrangement to support its Central Oasis platform in Chile. The funding will benefit the Gran Teno, Tamango, and Planchón hybrid plants, which have a combined capacity of 398MW of solar and 1.4GWh of storage. The financing was provided by an international consortium of banks led by BNP Paribas, alongside Banco Santander and Rabobank. This arrangement allows Grenergy to refinance current projects, hybridize existing plants, and finance the construction of the Planchón hybrid project.