Core Insights - Grenergy has secured a $355 million (€298.76 million) senior non-recourse financing arrangement to support its Central Oasis platform in Chile, which includes the Gran Teno, Tamango, and Planchón hybrid plants [1][2] - The financing will enable Grenergy to refinance existing projects, hybridize the Gran Teno and Tamango plants, and construct the Planchón hybrid project, all backed by long-term solar power purchase agreements (PPAs) [2] - This transaction is part of Grenergy's broader strategy to secure approximately $1.6 billion in non-recourse financing for its Oasis platforms, including the Oasis de Atacama project [3] Financing and Project Details - The financing was provided by an international consortium of banks led by BNP Paribas, which includes Banco Santander and Rabobank [2] - The Central Oasis platform is expected to become operational between 2026 and 2027, with a planned capacity of 1.1 GW of solar and 4 GWh of storage [3] - Grenergy's hybrid model is being expanded into other markets, including Spain, with plans for the Escuderos plant in Castilla-La Mancha [4] Strategic Developments - Grenergy is also developing Greenbox, a stand-alone battery platform in Europe, with the Oviedo plant in Spain as its flagship project [4] - The CEO of Grenergy emphasized that this transaction strengthens the support from international banks for their hybridization model and confirms their execution capabilities in project financing and PPA development [5] - Recently, Grenergy secured capacity contracts for five independent storage projects in Poland, totaling 2.1 GWh [5]