Article

DNV acted as market consultant for a $325 million financing package for T Power, a renewable energy platform managed by Toesca, aimed at developing one of Chile's largest battery energy storage systems and a solar generation portfolio. The financing will support a 141 MW/677 MWh battery energy storage system, refinance a 141 MW solar PV plant, and fund 18 distributed solar facilities totaling 121 MWp.

Arranged with international lenders including SMBC, Natixis, and BCI, the financing reflects confidence in Chile's renewable energy market. This project is expected to stabilize the power system, reduce renewable energy curtailment, and support Chile's decarbonization goals. DNV provided market due diligence, PPA analysis, and revenue modeling, enhancing the project's bankability within a rapidly transforming electricity sector dominated by renewable energy.