Project Finance Brief: Grenergy Raises $148 Million to Fund Solar Projects in Chile

TotalEnergies acquires 208 MW of solar projects in Romania

July 12, 2023

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Grenergy, a solar, wind, and storage independent power producer, secured $148 million in green financing for the Gran Teno and Tamango solar power projects located in Chile, with a combined capacity of 300 MW. The transaction, signed with French banks BNP Paribas and Societe Générale, is a green loan. It also includes other complementary credit lines. The transaction is structured as a Green Use of Proceeds loan with the funds used to finance renewable energy projects.

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