Clifford Chance Advises Grenergy on US$270m Chile Solar and Storage Financing
Clifford Chance has advised for Grenergy in securing a US$270 million senior secured green bridge financing to advance the company’s renewable energy plans in Chile.
The deal will fund the development of a 77 MWp operational solar photovoltaic plant and the rollout of a 3.5 GWh battery energy storage system, both forming part of Grenergy’s flagship Oasis de Atacama project.
This financing marks the sixth phase of the Oasis de Atacama development, one of the most ambitious hybrid renewable energy projects in Latin America.
David Ruiz de Andrés, CEO of Grenergy said: “This operation reinforces the confidence of international banks in our hybrid model and the soundness of our strategic plan. Elena is not only the largest phase of the Oasis de Atacama megaproject, but also an example of the excellent execution of our EPC teams."
"With the accelerated installation of batteries, we are maximising the value of the project by taking advantage of market opportunities during non-solar hours, consolidating our leadership in large-scale energy storage.”
By combining large-scale solar power generation with long-duration storage, the project is designed to provide greater grid stability and support Chile’s clean energy transition.
The Clifford Chance team advising on the transaction was led by Global Financial Markets partner José Guardo, alongside counsel Eduardo Sánchez, senior associate Ángel Muñoz, associate Alejandro Cubillo, and junior associate Ana De la Torre.
The deal further highlights Clifford Chance’s strength in renewable energy and project finance, as the firm continues to support clients in delivering sustainable infrastructure and innovative green technologies worldwide.
Grenergy is a Madrid-based renewable energy company specializing in solar photovoltaic projects, battery storage, and hybrid energy systems. Founded in 2007, it has grown from a small sustainability-focused team into a publicly listed firm with operations across Europe and Latin America. The company manages the full project lifecycle, from development and construction to operations and power supply and now oversees a 12.5 GW solar platform and 78 GWh of storage capacity. Led by founder and CEO David Ruiz de Andrés, Grenergy employs more than 600 people and is regarded as a key player in the transition toward clean energy.
Clifford Chance is a global law firm with over a century of history and a presence in 23 countries through 34 offices. A member of the prestigious Magic Circle, the firm is recognized for its deep expertise in banking, corporate law, finance, dispute resolution, and tax. It advises a broad spectrum of clients, including multinational corporations, financial institutions, governments, and not-for-profits by combining international best practices with local market insight. Known for its collaborative culture and forward-thinking approach, Clifford Chance delivers innovative, high-quality legal solutions across every major industry and sector.
More Articles
