Grenergy has closed a $268 million senior non-recourse financing agreement, including credit lines, for the Monte Águila plant. The project has a solar capacity of 342 MW and 1,034 MWh of storage, and is part of the Central Oasis platform, located in Chile.
The financing has been arranged through an international banking consortium led by BNP Paribas as the coordinating bank, with the participation of KfW IPEX-Bank, Coöperatieve Rabobank, Natixis and The Bank of Nova Scotia.
This new transaction adds to the non-recourse financings previously signed by Grenergy for the development of the Gran Teno, Tamango and Planchón hybrid plants, which make up the first three phases of the Oasis Central platform in Chile.
In total, the company has secured nearly USD 2 billion in non-recourse financing for its Oasis platforms, which include: Oasis de Atacama in northern Chile and Central Oasis in the Maule and Biobío regions.
The project also includes a 12-year daytime power purchase agreement (PPA). In addition, a significant portion of the remaining energy will be sold through GR Power, Grenergy's energy trading subsidiary in Chile.
Oasis Platform
Central Oasis represents one of Grenergy's key strategic bets in Chile, with a total planned capacity of 1.1 GW of solar energy and 4 GWh of storage, and an estimated investment of USD 900 million.
The platform is expected to become operational between 2026 and 2027, and was designed to replicate the successful hybrid solar and storage model developed by Grenergy at Oasis de Atacama, one of the world's largest battery platforms and the first of its kind in Latin America.
On May 27, Grenergy will update its investment plan through 2028, which will include new hybrid projects, as well as Greenbox, its standalone platform in Europe.
“Having secured nearly $2 billion in funding for our OASIS platforms in Chile in just 18 months demonstrates the strength of our model and our ability to execute large-scale projects. Now our goal is to replicate this success in Europe,” stated David Ruiz de Andrés , CEO of Grenergy.
FES's next stops
The Future Energy Summit tour will continue with FES Guatemala on May 14 and FES Mexico on May 19, where key players from the public and private sectors will address the challenges and opportunities linked to the expansion of the energy system, new investment schemes and the execution of strategic projects.
To access the full FES 2026 tour schedule, learn more about it and be part of the meetings, the FES digital platform is available, while all events will have a live broadcast through the official Future Energy Summit YouTube channel.
For inquiries and more information, please contact info@futurenergysummit.com