DNV supports Atlas Renewable Energy in securing USD 475 million for major Chilean solar and storage project
Chile, Nov. 18 -- DNV acted as market advisor to support Atlas Renewable Energy in securing USD 475 million in financing for the Copiapo hybrid solar and battery storage project in Chile. The financing was arranged with a consortium of leading financial institutions including BBVA, BCI, Credit Agricole CIB (CACIB), Natixis CIB, SMBC, and Societe Generale.Located in Chile's Atacama Region, Copiapo combines 357 MWp of solar capacity with a 320 MW/1.28 GWh battery system, capable of providing four hours of storage. The project will supply clean energy equivalent to 750 GWh per year to CAP Group subsidiaries - CMP and Aguas CAP (part of Chile's leading steel and mining conglomerate) - under two long-term 15-year power purchase agreements (PPAs)...
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