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.

Counterparts (4)

Lender

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.

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.

Banco Santander

company · 1 deals

Banco Santander is a global bank with a presence in Europe and the Americas. It provides financial services to individuals, SMEs, and corporations.

borrower

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.