Sonnedix lands $1.3B debt package for Chilean renewables portfolio
What's the deal? Renewable energy developer SonnedixDealroom has a profile for this one. Try Dealroom → has secured $1.3 billion in debt to refinance a gigawatt-scale solar and wind portfolio and fund new battery storage assets in Chile. The company announced the deal on Thursday.
What's the endgame? The financing covers both the refinancing of existing solar and wind farms and the buildout of new battery storage capacity, expanding Sonnedix's footprint in one of Latin America's most active renewables markets.
Why now? Chile has drawn steady renewables investment, with recent deals including MetlenDealroom has a profile for this one. Try Dealroom →'s sale of a Chilean solar-storage project to CopecDealroom has a profile for this one. Try Dealroom →. Battery storage has become a focus as developers pair generation with capacity to firm up intermittent supply.
The signal: At $1.3 billion, the package ranks in the 98th percentile of all-time debt rounds among UK energy companies, a sample of 385 deals. It underscores how large refinancing and expansion deals are anchoring the sector's growth in emerging solar and wind markets.
Read more: renewablesnow.com
Image credit: Mycatkins
