PVTIME – Verano Energy has secured USD 187 million in funding to advance its solar and storage project portfolio in Chile. The facility is structured as green secured debt, arranged by a group of international banks.
The funds will be used to construct the developer’s hybrid solar photovoltaic and battery storage assets. Verano Energy remains responsible for delivering and managing the supported schemes.
This deal represents a new influx of institutional capital into Chile’s renewable energy sector. No individual project capacity figures or target commissioning dates were shared in the announcement.
