15-year deal with BTG: Norway’s Scatec has signed a 15-year power purchase agreement (PPA) with BTG Pactual Comercializadora de Energía, the Colombian energy trading subsidiary of Banco BTG Pactual S.A. Brazil. The deal secures offtake for about 85% of the output from Scatec’s planned 130 MW solar plant in Nariño, with the remaining sold in the electricity market. The inflation-indexed PPA, denominated in Colombian Pesos, marks Scatec’s 1st Colombian project, as the country targets over 5 GW of additional solar capacity within 5 years. Total capital expenditure for the plant is $110 million, according to Scatec, which will provide EPC as well as O&M services for the project. Financial close and construction start are expected in 2025.
RMB 358.7 million for Genneia: Argentinian Independent power producer (IPP) Genneia has raised a RMB 358.7 million ($50 million) loan from the Industrial and Commercial Bank of China (Argentina) for the development of renewable energy projects in the country. It will invest the proceeds as capital investments, and to cover development expenses and operation and maintenance costs. Representing Genneia in the transaction, law firm Pérez Alati, Grondona, and Benites & Arntsen termed it as one of the first yuan-denominated financings granted locally.
Grenergy finds buyer for Chile project: CVC DIF, the infrastructure investment arm of global private markets manager CVC, has agreed to acquire the Gabriela project from Spain’s Grenergy. Located in Northern Chile, the hybrid facility includes 272 MW of solar capacity and 1,100 MWh of storage. Currently under construction, it is supported by a 15-year inflation-indexed, USD-denominated hybrid PPA. CVC DIF says this deal aligns with its strategy in renewables, where it manages over 7 GW of assets worldwide. Asset transfer will take place after the commercial operation date (COD), expected in H1 2026.
Verano secures financing: Chile-based Verano Energy has closed financing for its Domeyko Solar + BESS project in Chile, an 83 MW solar plant with 660 MWh of storage. Backed by a long-term offtake agreement with Abastible, the $247 million project is expected to begin operations by late 2026. Financing includes a $176 million project loan from SMBC, Société Générale, and Scotiabank, along with $12 million in VAT debt financing from Scotiabank. Equity will be available via global investment fund Lumina Capital Management. The project underscores the viability of large-scale solar-plus-storage investments, said Verano. Located near Vallenar in the Atacama region, the Domeyko project is currently under construction.
TrinaTracker for Brazilian project: The solar tracker supplying arm of Chinese solar PV company Trinasolar, TrinaTracker, has signed an agreement with CGN Brasil to provide 1,083 of its Vanguard 1P trackers for the Lagoa do Barro solar complex in Piauí. The project, with a planned capacity of 56.11 MW, will contribute to Brazil’s renewable energy growth by supplying clean electricity to the national grid, stated the company.
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