Grenergy closes green financing for the construction of two solar parks in Chile

for 148 million dollars

The operation, which has been signed with the French banks BNP Paribas and Société Générale, is a green loan and also includes other complementary lines of credit.

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grenergy has closed green financing for the construction of solar parks in Gran Teno and Tamango, both located in Chile and with a combined power of about 300 MWp, for 148 million dollars

(equivalent to about 136 million euros).

 

The operation, which has been signed with the French banks BNP Paribas and Société Générale, is a green loan and also includes other complementary lines of credit.

 

 

This transaction has been structured in such a way that its funds will be used to finance renewable energy projects

 

Gran Teno is, with a power of 241 MW, Grenergy's largest solar park. It is located in the province of Curicó, close to Santiago de Chile and has an estimated annual production capacity of 477 GWh. It is expected that, once it is launched, more than 136.000 homes will be supplied with green energy from this infrastructure, which will prevent the emission of more than 147.000 tons of CO2 per year.

 

Located in the province of Linares, also close to the country's capital, Tamango, currently under construction, has a power of 48 MW. It is scheduled to come into operation in the first quarter of 2024, at which time it will provide clean energy to more than 33.000 homes and save more than 29.000 tons of CO2 per year.

 

The company has extensive experience in the Chilean market, in which it has more than 60 connected plants, being the company that has connected the most solar parks in the country. Currently, it builds 500 MW in this market and develops 3,3 GW between solar and wind and 4 GWh of battery projects.

 

“This new step demonstrates, once again, our position as a benchmark in green financing and ratifies the support of international banks for our company,” he stated. Emi Takehara, CFO of Grenergy. “At BNP Paribas we are delighted to support Grenergy in its growth plans. “BNP Paribas is fully committed to driving the energy transition, where Grenergy is playing a key and leading role,” he noted. Luis Choya, Managing Director BNP Paribas.

 

“Société Générale is delighted to have supported Grenergy in the financing of Gran Teno and Tamango at a time when Grenergy continues to position itself as a key player in the Chilean renewable energy market,” he stated. Ben Koehler, Managing Director of Société Générale.