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Chile secures $510M for a large solar-battery project, pushing towards 70% renewable energy by 2030.
Chile's Estepa project secured a record $510 million in financing for a solar-storage hybrid facility, combining 215 MW of solar capacity with 418 MW of battery storage.
Supported by DNV's expertise, the project aims to provide stable renewable power to Chile's industries, helping the country reach its 70% renewable electricity target by 2030.
The financing was secured by a consortium of international banks, including Crédit Agricole and BNP Paribas, after DNV conducted market analysis and advised on battery dispatch strategies.
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Chile asegura $ 510M para un gran proyecto de batería solar, impulsando hacia el 70% de energía renovable para 2030.