Case Study: Grenergy Renovables secures financing for Oasis de Atacama with Applus+ Technical Due Diligence

Grenergy Renovables secures USD 345 million green loan with Applus+ for Oasis de Atacama

Grenergy Renovables, a renewable energy company, required a technical due diligence report to secure financing for its Oasis de Atacama project, the world's largest energy storage initiative. Applus+, through its Enertis Applus+ team, was engaged as the Lender's Technical Advisor to conduct this analysis and verify the project's compliance with regulations and technical standards.

Applus+ performed a comprehensive Technical Due Diligence that evaluated site characteristics, project design, equipment, and energy production estimates. This work helped Grenergy Renovables successfully secure a $345 million green loan from a syndicate of international banks, making it the first company globally to obtain financing of this size for a hybrid solar and battery project. Applus+ provided the technical verification that ensured the project's soundness and feasibility for the financial institutions.

Grenergy Renovables