DNV Facilitates Financing for Grenergy's Solar and Battery Storage Projects in Chile

DNV has aided Grenergy in securing financing for a solar and battery storage portfolio in Chile's Maule and Bíobío regions. The financing, coordinated by BNP Paribas with Santander and Rabobank, supports Chile's energy transition towards carbon neutrality by 2050. The Central Oasis project, which combines solar generation with energy storage, aims to enhance grid stability and reduce reliance on coal. Chile's energy policy targets 80% renewable electricity by 2030, with significant battery storage deployment expected in the next decade.

Published Mar 23, 2026

DNV has supported Grenergy in obtaining financing for a major solar and battery storage portfolio in Chile, specifically in the Maule and Bíobío regions. The financing arrangement involves BNP Paribas as the coordinating bank, along with Santander and Rabobank.

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This initiative is part of Chile's goal for carbon neutrality by 2050 and the decommissioning of coal power plants. The Central Oasis project aims to hybridize solar generation with energy storage, enhancing grid stability and reducing thermal generation.

Chile's national policy targets 80% renewable electricity by 2030, with significant growth in battery storage capacity anticipated. DNV provided market consultancy and technical advisory services to ensure project feasibility and regulatory compliance, facilitating lenders' understanding of market risks and revenue forecasts.