Grenergy gets $355m funding for Chile’s Central Oasis platform

Spain-based cleanable vigor shaper Grenergy has finalised a $355m (€298.76m) elder non-recourse financing statement to enactment its Central Oasis level successful Chile.

The backing volition payment the Gran Teno, Tamango and Planchón hybrid plants, portion of the Central Oasis platform. These facilities supply 398MW of star capableness and 1.4 gigawatt-hours (GWh) of storage.

An planetary consortium of banks, headed by BNP Paribas arsenic the coordinating slope and including Banco Santander and Rabobank, has provided the financing.

This statement allows Grenergy to refinance its existent projects, hybridise the existing Gran Teno and Tamango plants, and concern the operation of the Planchón hybrid project.

Each task is supported by semipermanent star powerfulness acquisition agreements (PPAs), with immoderate surplus vigor acceptable to beryllium sold done Grenergy’s vigor trading subsidiary, GR Power.

This transaction brings Grenergy person to securing astir $1.6bn successful non-recourse financing for its Oasis platforms, including Oasis de Atacama successful bluish Chile.

The Central Chile platform, expected to go operational betwixt 2026 and 2027, has a planned capableness of 1.1GW of star and 4GWh of storage.

This inaugural continues the exemplary archetypal implemented successful Oasis de Atacama, 1 of the largest artillery platforms globally and a pioneering task successful Latin America.

Grenergy's strategy includes expanding its hybrid exemplary into different markets specified arsenic Spain.

As portion of its 2025–27 strategical program announced astatine its caller Capital Markets Day successful London, Grenergy is advancing the deployment of the Oasis exemplary astatine the Escuderos works successful Castilla-La Mancha.

Concurrently, Grenergy is besides progressing with the improvement of Greenbox, a stand-alone artillery level successful Europe. The Oviedo works successful Spain volition basal arsenic the flagship task for Greenbox.

Grenergy CEO David Ruiz de Andrés said: “This transaction strengthens the enactment of planetary banks for our hybridisation model, archetypal initiated astatine Oasis de Atacama and present extended with Central Oasis.

“It besides confirms our execution capabilities, some successful the improvement and signing of PPAs and successful task financing.”

Last month, Grenergy secured capableness contracts for 5 autarkic retention projects successful Poland, totalling 2.1GWh.

"Grenergy gets $355m backing for Chile’s Central Oasis platform" was primitively created and published by Power Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.