The refinancing repays and restructures assets in operation while funding battery projects under construction, giving Sonnedix Chile a stronger financial base to advance its storage and hybrid pipeline.
US$1.3 billion refinancing covers 1 GW of operational solar and wind and finances 117 MW of battery storage under construction.
Transaction relies on a diversified revenue mix: investment-grade private PPAs and regulated revenues that provide predictable cashflow.
Sonnedix highlights the deal will free financial flexibility to accelerate storage and hybrid projects across Chile.
Sonnedix has closed a US$1.3 billion refinancing in Chile aimed at accelerating development of renewable energy and battery storage projects. The package refinances a portfolio that already includes 1 GW of operational solar and wind capacity and provides financing for 117 MW of battery energy storage systems (BESS) currently under construction.
The transaction serves two functions: it refinances operating assets and it provides growth capital for near-term storage builds. The operational component covers 1 GW of existing solar and wind capacity across Chile. The development component finances 117 MW of BESS that are under construction. Sonnedix describes the portfolio as geographically and technologically diversified across the country.
Sonnedix says the refinancing is underpinned by a strong contractual and regulatory foundation. Revenue visibility is described as strong and predictable, supported by a mix of investment-grade private power purchase agreements (PPAs) and regulated revenues. That mix is the lender-facing rationale Sonnedix cites for securing long-term, large-scale capital for Chile operations.
The company frames the deal as a move to accelerate its Chile pipeline, with particular emphasis on energy storage and hybrid projects. Miguel A. García Mascuñán, Sonnedix CFO, stated the refinancing "gives us the flexibility we need to keep moving fast" and allows the Chile platform to focus resources on new storage and hybrid developments.
Sonnedix is a global renewable energy player with 12 GW of total capacity. The Chile refinancing is presented as part of the company's longer-term push to grow its renewables and storage footprint. The deal follows active market activity in Chile's hybrid and storage sector, including recent transactions and commissioning of large PV-plus-BESS projects by other developers and investors.
Practical implications for Chile's grid and markets
Axel Thiemann, Sonnedix CEO, framed the transaction as evidence of partner confidence in the company's execution at scale and in its "commitment to driving sustainable, long-term solutions that support the energy transition." Miguel A. García Mascuñán, CFO, emphasized the financing will allow Sonnedix Chile to redirect resources toward new storage and hybrid projects.
Takeaway for investors and market participants
Monitor Sonnedix's project delivery schedule for the 117 MW of BESS under construction, announcements on new hybrid project starts, and any follow-on financings or asset sales that use the strengthened balance sheet. Also watch for how the company positions contracted revenues versus merchant or ancillary revenue streams within its Chile portfolio.
Chilean hybrid project consists of 272MW PV and 1,100MWh battery storage
CVC DIF has completed the acquisition of the hybrid solar-plus-storage Gabriela project in Northern Chile from Grenergy.
Jupiter Power has secured US$1.4 billion in project financing for 10 utility scale battery energy storage system projects in the US.
METLEN has signed an agreement with Copec Flux S.p.A. for the sale of the Tamarico II hybrid project in Chile’s Atacama Region.
- - • The consideration for the acquisition of the 810 MW 1 portfolio of solar plants is equal to approximately 760 million US dollars - • The transaction follows the agreements signed in February 2026 for the acquisition of a portfolio of renewable plants for a total of more than 1 GW 2 - - - Enel S.p.A. (“Enel”)3 [/s
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