The transaction involves the financing and refinancing of solar energy and battery storage projects in Chile, with a combined capacity of 446 MW of solar power and 1.8 GWh of energy storage.

Barros & Errázuriz advised BNP Paribas, BBVA, J.P. Morgan, MUFG, Santander and Scotiabank, alongside international law firm Milbank LLP, on an approximately US$460 million financing transaction for Grenergy, the company’s largest financing to date.

The transaction covers Algarrobal, the fifth phase of Oasis de Atacama, and a portfolio of 21 Small Distributed Generation Projects (PMGD). It includes the financing of six projects, the refinancing of another 15, and the hybridization of six of them through the integration of battery energy storage systems (BESS).

Together, these projects represent 446 MW of solar capacity and 1.8 GWh of energy storage, contributing to the development of renewable energy infrastructure in Chile and strengthening the country’s electricity storage capacity.

The Barros & Errázuriz legal team comprised partners Francisco de la Barra and Cristóbal Pellegrini, together with José Miguel Poblete, Martín Vial, Catalina Vergara, Ignacio Quintana, Sebastián Rosende, Víctor Araya, Daniela Raglianti, Dominga Brito, Domingo de la Cruz, José Agüero, Vicente Fuenzalida, Valentina Norambuena and Renata Suárez.