Atlas Renewable Energy, a solar and wind project developer, has closed approximately $3 billion in corporate refinancing, its largest to date for clean energy in Latin America.
The company carried out the transaction with the support of its shareholder, Global Infrastructure Partners, and the participation of financial institutions, including BNP Paribas, Crédit Agricole, Goldman Sachs, Morgan Stanley, MUFG Bank, Natixis CIB, and Santander CIB. Due to its scale and structural complexity, the transaction involved 26 law firms in 11 jurisdictions.
The refinancing facility will facilitate capital structure optimization, enable more competitive financing terms for the regional portfolio, and, in the long term, sustain the expansion of clean energy infrastructure.
Further, the transaction includes a set of high-performance solar and storage projects, mainly located in Chile, as well as in Brazil and Mexico.
“The commitment of our investors and banking partners reflects conviction on the quality of our portfolio and performance of our team. With strong governance, disciplined execution and growth, Atlas has not only become the largest IPP in the renewable energy sector in Latin America but has proven to generate sustainable value in multiple markets over the past decade. This refinancing is also a sign of the company’s financial maturity and will support its next phase of growth.” said Carlos Barrera, CEO of Atlas Renewable Energy.
Previously, in 2025, the company raised $510 million in financing for the construction and development of the Estepa Project, comprising 215 MW of solar and two battery energy storage systems totaling 418 MW of capacity in Chile.
Currently, Atlas has over 10.8 GW of a renewable energy portfolio, with a strong presence in Latin America. The company has more than 8.4 GW of renewable energy projects in the Americas, of which 3.6 GW are operational, and 3.2 GW are in advanced development or construction.
Large-scale solar project funding increased by 37% in 2025 compared with the funding raised in 2024, according to Mercom’s recently released Annual and Q4 2025 Solar Funding and M&A report.
