Grenergy has secured $268 million in non-recourse financing for the Monte Águila solar plus storage project in Chile. The financing was arranged through an international banking syndicate led by BNP Paribas, alongside KfW IPEX-Bank, Rabobank, Natixis, and Scotiabank. The Monte Águila project also benefits from a 12-year daytime power purchase agreement. Additional energy output from the facility will be commercialized through GR Power.
The project includes 342 MW of solar capacity and 1,034 MWh of battery energy storage and forms a part of the company’s Central Oasis platform. The transaction follows earlier non-recourse financings secured for the Gran Teno, Tamango, and Planchón hybrid projects. Together, these projects constitute the first three phases of the Central Oasis platform in Chile.
Furthermore, Grenergy has secured roughly $2 billion in non-recourse financing across its Oasis de Atacama and Central Oasis platforms. Central Oasis is planned with a total capacity of 1.1 GW solar and 4 GWh of storage. Operations for the Central Oasis platform are expected between 2026 and 2027.