In a landmark move that underscores the momentum of clean energy investments, CVC DIF, a subsidiary of CVC, announced on September 1, 2025, that it has agreed to acquire the Gabriela solar plus battery energy storage system (BESS) project from Grenergy in Chile. With a transaction value of $475 million, this acquisition is more than just a business deal—it’s a strong signal of the growing confidence in renewable energy infrastructure as a driver of the global energy transition.

For Grenergy, the sale is an integral part of its ambitious €3.5 billion investment plan through 2027. The Gabriela project represents 10% of the Oasis de Atacama megaproject in northern Chile, a flagship platform with 2 GW of solar capacity and 11 GWh of storage. This transaction follows an earlier deal with ContourGlobal in December 2024, together covering 33% of the platform. Even after this sale, Grenergy maintains a robust portfolio with 1.2 GW of solar and 7.3 GWh of storage, enabling them to accelerate growth while reinforcing their leadership in energy storage innovation.

Located in Sierra Gorda, Antofagasta, the Gabriela phase combines a 272 MW solar park with a 220 MW/1,100 MWh storage facility. Construction is already underway, with commercial operation expected in the first half of 2026. Notably, the phase will utilize over 220 CATL EnerX battery containers, featuring high-density LFP modules designed for high-altitude conditions. Once operational, Gabriela will contribute to the Oasis platform’s expected 5.5 TWh annual energy production, making it one of the most significant renewable hubs in Latin America. Grenergy will continue to support operations and maintenance for five years, ensuring seamless execution alongside leading technology providers.

The financial backbone of Gabriela is as robust as its technical framework. Grenergy secured $324 million in green financing from a consortium led by BNP Paribas, Natixis, and Societe Generale, later joined by major global lenders including Bank of America, JP Morgan, and Rabobank. With 75% of energy output secured under a 15-year hybrid pay-as-produced PPA with an investment-grade utility, revenue stability is built into the project. For CVC DIF, this acquisition aligns perfectly with its strategy to invest in infrastructure that fuels the energy transition. The deal, advised by leading global firms in finance, law, tax, and risk management, will be finalized upon commercial operation in 2026.

The Gabriela acquisition is not just another milestone—it reflects how capital, technology, and strategy converge to accelerate the renewable energy shift. As the Oasis de Atacama project continues to unfold, it sets a precedent for large-scale, sustainable energy development in high-potential markets like Chile.

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