From: Mercom India
Opdenergy, a global independent power producer, has secured $227 million in financing for its 371 MW operational renewable energy portfolio in Chile.
The financing was provided by Sumitomo Mitsui Banking Corporation, BNP Paribas, and Instituto de Crédito Oficial.
The transaction covers a portfolio including the 104 MW Sol de Los Andes solar project and the 90 MW/513 MWh Sol de Los Andes battery energy storage project in Chile’s Atacama region. It also includes the 50 MW La Estrella wind farm in the O’Higgins region and a 17 MW portfolio of solar projects in the Valparaíso region.
“This transaction represents a major milestone for Opdenergy in Chile, as it consolidates a resilient and profitable financial structure aligned with the company’s strategy. The portfolio combines different power generation technologies for assets in operation, diversifying its revenue mix while strengthening its financial stability and long-term growth prospects,” said Luis Cid, CEO of Opdenergy.
Opdenergy entered the Chilean market in 2014 and currently operates 371 MW of renewable energy capacity in the country. The company also said it has a multi-technology development portfolio totaling 748 MW, with construction expected to begin over the next 12 months. The planned projects include the 95 MW Dañicalqui wind farm in the Ñuble region, the 132 MW Vientos del Lago wind farm in the Los Lagos region, and the 235 MW Don Carlos solar project in the Atacama region.
The development pipeline also includes two battery energy storage projects comprising the 196 MW/1.2 GWh Don Carlos energy storage project in the Atacama region and the 90 MW/0.5 GWh Alcones energy storage project in the O’Higgins region.
The company raised a corporate debt facility of €350 million (~$412 million) in 2025 through senior bonds (2025 Bonds) from a group of institutional investors led by EIG and Infranity, which provided additional capital to accelerate the execution of its business plan, strengthen its position in the renewable energy market, and support its continued expansion as a large-scale Independent Power Producer across Europe, the U.S., and Latin America.
According to Mercom’s recently released Q1 2026 Solar Funding and M&A report, announced large-scale solar project funding increased by 61% year over year in Q1 2026.
