DNV supports Zelestra in securing $282 million green financing for Aurora hybrid solar and storage project in Chile
Norway, Aug. 19 -- DNV has enabled Zelestra to secure a $282 million green financing package for Chile's Aurora project-a landmark 220 MWdc solar PV and 1 GWh battery storage hybrid facility. By delivering renewable energy during nighttime hours under a long-term Power Purchase Agreement (PPA), Aurora addresses Chile's dual challenge of grid reliability and decarbonization, setting a benchmark for large-scale renewable projects in Latin America.Backed by financing from Natixis CIB, BNP Paribas, and BCI, Aurora ranks among the largest hybrid renewable projects in Latin America. DNV supported the financial close by providing a full suite of market advisory and technical due diligence services, including revenue forecasting, PPA structure asse...
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