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Grenergy closes USD 457.5 million financing for solar and BESS projects in Chile

FinanceInternationalLexLatin40 s readAI summary
Image: LexLatin

Grenergy closed a USD 457.5 million senior non-recourse financing, under New York law, for photovoltaic and BESS storage infrastructure in Chile. The deal, arranged and subscribed by BNP Paribas with BBVA, J.P. Morgan Chase Bank, MUFG Bank, Banco Santander and Scotiabank, refinances the Palmas cluster of 21 PMGD projects and funds the fifth phase of Oasis de Atacama. According to the company, it is its largest debt transaction and brings its non-recourse financing raised in Chile above USD 2.4 billion. It closed on October 10.

In 40 seconds

  • USD 457.5 million senior non-recourse financing, under New York law and arranged by BNP Paribas.
  • BBVA, J.P. Morgan Chase Bank, MUFG Bank, Banco Santander and Scotiabank participate.
  • It refinances the Palmas cluster of 21 PMGD projects and funds the fifth phase of Oasis de Atacama.
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IASummary generated by artificial intelligence from a story by LexLatin. It may contain errors: the original source prevails.

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