The funding supports a hybrid plant with 1.03GWh of storage, part of a $900m Central Oasis platform in Chile.
Grenergy has secured $268m in senior non-recourse financing for its Monte Águila hybrid plant in Chile. The project includes 342MW of solar capacity and 1.03GWh of storage, backed by a 12-year power purchase agreement and surplus energy sales through GR Power.
The deal follows prior financings for Gran Teno, Tamango, and Planchón plants, totaling nearly $2bn for the Oasis platforms. Central Oasis targets 1.1GW of solar and 4GWh of storage, with operations expected by 2026-2027.
BNP Paribas led the banking group, which included KfW IPEX-Bank, Rabobank, Natixis, and Bank of Nova Scotia. The platform aims to replicate the hybrid model of Oasis de Atacama, one of Latin America’s largest battery storage projects.