CVC DIF has completed the acquisition of the Gabriela solar-plus-storage project in Northern Chile from Grenergy after the project began commercial operations. Gabriela has 272 MW of solar capacity and 1,100 MWh of battery storage. It is backed by a 15-year, US dollar-denominated, inflation-indexed hybrid power purchase agreement (PPA). The acquisition was announced in September 2025 and was subject to the project reaching commercial operation. CVC DIF, operating as the infrastructure business of global private markets manager CVC, said the project is now part of its portfolio. The $475 million deal comprises phase IV of Grenergy’s Oasis de Atacama project. Grenergy said the sale, together with its December 2024 sale of the first Oasis de Atacama phase to ContourGlobal, represents about 25% of the overall platform. The two transactions have a combined enterprise value of about $1.5 billion.
Mexican state Jalisco has become home to the country’s ‘first’ solar panel recycling plant under a joint initiative with non-profit association Rafiqui. The facility is part of efforts to strengthen recycling infrastructure as solar deployment expands across Mexico. Mexico Business News says the facility will operate with support from the Mexican Photovoltaic Industry Association (AMIF). The development in the Ciudad Guzmán region will recover and process up to 98% of component materials, including glass, aluminum, silicon, silver, copper, and plastic. In 2025, China’s LONGi partnered with Rafiqui to develop infrastructure for recycling decommissioned PV modules.
Korkia, the Finnish renewable energy developer, has announced key development milestones for its two renewable energy projects in Chile. One of the projects, the Mellizas hybrid project with 218 MW solar and an 800 MWh battery energy storage system (BESS), has received environmental approval. The 750 MWh Beltrán battery project has reached ready-to-build (RTB) status. Mellizas, developed with Chilean partner Ciudad Luz, is located on about 300 hectares in the Ñuble region. Meanwhile, Beltrán, developed with Solar Ray, is coming up in the Valparaíso region. Korkia Vice President, LatAm, Rodrigo Ackermann said the milestones demonstrate the strategic role that energy storage will play in the country’s flexible and resilient energy system, enabling continued growth of renewable energy.
The Kuwait Fund for Arab Economic Development has signed a KWD 3 million loan agreement with El Salvador to help finance the San Matias Solar Photovoltaic Plant. The project will involve construction of an 11 MW solar plant in the San Matias area, northwest of San Salvador. It is expected to generate up to 25 GWh of electricity annually. The project is estimated to cost $13.95 million, with the Kuwait Fund loan covering about 69% of the total. Construction of the facility is expected to take about two years, with completion planned for H1 2028.
Victory Hill Global Energy Infrastructure (ENRG) has agreed to sell six operational solar PV assets in Brazil’s Rio de Janeiro state to Energea Portfolio 2 LP. The assets have a combined installed capacity of 11.7 M and will be sold for at least BRL 38 million. The consideration includes BRL 35 million payable at closing and BRL 3 million in deferred consideration. A further performance-based earnout of up to BRL 12 million could be paid if the assets exceed agreed revenue targets. The sale is the second disposal under Victory Hill’s shareholder-approved asset realization strategy. The company said it is continuing a separate sales process for its remaining Brazilian assets, which have Telefônica as the offtaker.
