Toesca Asset Management-backed T Power has successfully secured USD 325 million in financing for a new 141 MW/677 MWh battery storage project and refinancing of associated solar assets in Chile.

Target Information

Toesca Asset Management-backed T Power is a leading renewable energy development platform in Chile, primarily focused on innovative energy solutions. Recently, the company has successfully closed a financing deal valued at USD 325 million, which is earmarked for a new 141 MW/677 MWh battery storage project and the refinancing of associated solar assets, including a 141 MW utility-scale photovoltaic (PV) solar project and a portfolio of 18 small-scale PMGD solar projects totaling 121.1 MWp.

The new battery storage project and the existing utility-scale solar components are contracted under long-term agreements with various distribution companies and commercialization entities, ensuring a stable revenue stream. The PMGD assets, designed for small-scale generation facilities, continue to thrive under a stabilized regulatory regime, contributing positively to the overall energy landscape in Chile.

Industry Overview in Chile

Chile is recognized as one of the leaders in renewable energy adoption in Latin America, particularly in solar and wind power generation. The country's geographical advantages, including high solar irradiation and favorable wind conditions, have catalyzed sig