Grenergy has closed a $355m senior non-recourse financing for the Gran Teno, Tamango and Planchón hybrid plants in Chile.
The financing was signed with an international bank syndicate led by BNP Paribas, with Banco Santander and Rabobank also participating.
The transaction will refinance the operating Gran Teno and Tamango projects and fund construction of Planchón, Grenergy said.
Gran Teno has 241MW solar and 884MWh, while Tamango comprises 49MW solar and 158MWh.
Planchón will add 108MW solar and 379MWh to the Central Oasis platform.
The company added that all three projects have long-term PPAs, with remaining volumes to be marketed through GR Power.
Grenergy is now close to $1.6bn in non-recourse financing across its Oasis platforms in Chile.
The Central Chile platform envisages 1.1GW solar and 4GWh of storage with commissioning slated for 2026 and 2027.
Grenergy created Central Oasis to replicate the solar-storage hybridisation approach used in Oasis de Atacama.
The company said the success of its Chilean platforms supports plans for new hybrid projects in other markets including Spain.
Grenergy is also progressing the Escuderos project in Castilla-La Mancha, which is planned at 200MW solar and 704MWh of storage.
The company continues to advance Greenbox, its stand-alone battery platform in Europe centred on the Oviedo plant.
David Ruiz de Andrés, chief executive, said: “This operation reinforces the support of international banks for our hybridization model, initiated in Oasis de Atacama and now extended with Central Oasis.”
He added: “In addition, it confirms our ability to execute, both in the development and signing of PPAs, as well as in terms of financing.”