Grenergy Secures US$457 Million for Chile Solar
Spanish developer Grenergy closed US$457 million in non-recourse bank debt for Chilean solar and battery projects, its largest financing ever. The post Grenergy Secures US$457 Million for Chile Solar appeared first on The Rio Times .
Spanish renewable energy developer Grenergy secured US$457 million in bank financing for solar and battery projects in Chile, marking the largest debt deal in the company's history. The financing, announced on 9 October 2026, covers two groups of assets: the Algarrobal phase of Oasis de Atacama and the Palmas cluster of 21 smaller solar plants.
Algarrobal, a 12-year hybrid power purchase agreement, includes 242 MW of solar power and 1.5 GWh of battery storage, while the Palmas cluster comprises 204 MW of solar and 289 MWh of storage. Six international banks, including J.P. Morgan Chase, coordinated the loan, demonstrating confidence in Chile's clean-power market. This financing brings Grenergy's non-recourse financing in Chile to over US$2.4 billion.
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