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DNV's Deft Diplomacy: Derisking Chile's Decarbonization

DNV supported Atlas Renewable Energy in securing $475 million financing for Chile's Copiapó hybrid solar & battery storage project. The facility combines 357 MWp solar capacity alongside a 320 MW/1.28 GWh battery system delivering 750 GWh annually to CAP Group subsidiaries under 15-year agreements. DNV provided market due diligence, agreement review, & battery revenue analysis, strengthening lender confidence. The financing involved BBVA, BCI, Crédit Agricole CIB, Natixis CIB, SMBC, & Société Générale, bringing Atlas's Chilean financings to $1.2 billion in 13 months.

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