Grenergy Share Rises: Grenergy Secures $355 Million Project Financing for Hybrid Solar Projects in Chile
Madrid (Spain) - Spanish renewable energy developer Grenergy has completed a senior non-recourse project financing of $355 million for its Chilean Central-Oasis platform.
The financing was arranged by an international banking consortium led by BNP Paribas as coordinating bank, with participation from Banco Santander and Rabobank.
With the capital, Grenergy refinances existing solar projects and advances the expansion of hybridization. Specifically, the already operational plants Gran Teno (241 MW solar, 884 MWh storage) and Tamango (49 MW solar, 158 MWh storage) will be expanded with battery storage, while the construction of the Planchón project (108 MW solar, 379 MWh storage) will be refinanced and implemented. All three projects are part of the so-called Central-Oasis platform in the Maule and Bío-Bío regions.
The plants have long-term power purchase agreements (PPAs) for solar energy. Excess energy is expected to be marketed through the group’s trading subsidiary GR Power.
With the transaction, the secured non-recourse financing volume for the Oasis platforms - including Oasis de Atacama and Central Oasis - rises to around $1.6 billion. The platform is planned with 1.1 GW of solar and 4 GWh of storage and is expected to become operational in 2026/27. The concept builds on the hybrid model already implemented at Oasis de Atacama.
CEO David Ruiz de Andrés stated: “This transaction strengthens the support of international banks for our hybridization model, first initiated at Oasis de Atacama and now extended with Central Oasis. It also confirms our execution capabilities, both in the development and signing of PPAs and in project financing.”
The Grenergy Renovables share, listed in the renewable energy index RENIXX-World, is up 4.9 percent after four trading days this week, at a price of €98.80 (closing price, 12 Feb 2026, Stuttgart Stock Exchange) as of Thursday evening.
Source: IWR Online, 13 Feb 2026
