Opdenergy has secured $227m (€198.74m) in financing for its operational renewable energy portfolio with a combined capacity of 371MW in Chile.
The funds, provided by SMBC, BNP Paribas and ICO, will support a mix of solar, wind and battery energy storage system (BESS) assets across several regions of the country.
The financed assets include the Sol de Los Andes Solar plant, with a capacity of 104MW-peak (MWp), and the associated Sol de los Andes BESS facility offering 90MW/513MW-hours (MWh) in the Atacama region.
The portfolio also features the 50MW La Estrella wind farm in the O’Higgins region, alongside a 17MW solar portfolio in Valparaiso.
According to Opdenergy, the operating assets deliver 24/7 power and supply electricity under long-term distribution company and power purchase agreements with off-takers of investment-grade status.
Opdenergy CEO Luis Cid said: “This transaction represents a major milestone for Opdenergy in Chile, as it consolidates a resilient and profitable financial structure aligned with the company’s strategy.
“The portfolio combines different power generation technologies for assets in operation; diversifying its revenue mix while strengthening its financial stability and long-term growth prospects.”
Opdenergy entered the Chilean market in 2014 and currently operates 2.5GW of renewable energy across Europe, the US and Latin America.
Alongside the 371MW currently operating in Chile, the company has a separate portfolio of 748MW across multiple technologies that is ready to begin construction in the next 12 months.
This upcoming portfolio includes the 95MW Dañicalqui and 132MW Vientos del Lago wind farms in the Ñuble and Los Lagos regions in southern Chile.
It also consists of the 235MW Don Carlos solar plant in the Atacama region, as well as the Don Carlos BESS with 196MW/1.2GW-hours in the Atacama region and the Alcones BESS with 90MW/500MWh in the O’Higgins region.
Opdenergy Chile country manager Carlos Ortiz said: “We are proud to contribute to Chile’s energy transition while creating lasting local value through long-term investment, operational excellence and close collaboration with communities, partners and customers.
“This financing strengthens our capacity to keep developing reliable, competitive clean energy across the country.”
