Grenergy

Spanish renewable energy developer Grenergy has closed US$460mn in financing for a project in Chile combining 446 MW of solar generation with 1.8 GWh of battery storage. The deal underscores growing investor appetite for hybrid solar-plus-storage projects in Latin America, where Chile has become a regional leader in energy transition investment.

Spanish renewable developer Grenergy has secured $457 million in financing for a 446 MW solar and storage project in Chile. The funding will support the company's expanding portfolio of hybrid solar-plus-battery projects in the country, a key market for large-scale renewables paired with storage as Chile pushes to integrate more clean energy into its grid.

Spanish independent power producer Grenergy has secured US$457 million in financing. The company, known for developing large-scale solar and storage projects, is one of Europe's more active renewable energy developers, and the fresh capital is expected to support its project pipeline. Details on lenders and the specific projects the funds will back have not yet been made fully clear.