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Grenergy raises $457 million for solar and energy storage projects in Chile

Power Technology ·

BBVA Banco Bilbao Vizcaya Argentaria SA ADR
$26.12 -0.19%
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  1. 1Grenergy's $457 million funding is for a 446MW solar project and 1.8GWh energy storage in Chile.
  2. 2BNP Paribas acted as the lead arranger and underwriter for this debt.
  3. 3This transaction represents nearly 40% of Grenergy's project finance debt target specified in its 2026-2028 strategic plan.

So what's the key point?

Grenergy borrowed $457 million to build solar and energy storage facilities in Chile. This amount is a large scale, reaching 40% of the company's set target.

Source Power Technology · View original ↗

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