CVC DIF, the dedicated infrastructure investment strategy of global private markets manager CVC, has agreed to acquire a utility-scale hybrid solar PV and battery energy storage system (BESS) project from Grenergy, a Spanish multinational clean energy producer.
Located in Northern Chile, the Gabriela project consists of 272 megawatts of installed solar capacity and 1,100 megawatt-hours of battery storage. The project is currently under construction and is backed by a signed 15-year USD-denominated, inflation-indexed hybrid power purchase agreement. CVC DIF noted the asset also will benefit from Chile’s supportive regulatory framework for storage investments.
“We are very pleased to partner with Grenergy on this exciting project in Chile’s renewable-energy sector,” said Caine Bouwmeester, partner, co-head of DIF Infrastructure fund strategy and head of renewable energy of CVC DIF. “Gabriela will combine large-scale PV and battery storage to deliver reliable, c
