Sonnedix Secures $1.3 Billion for Renewable Energy and Storage Projects in Chile
Renewable energy company Sonnedix has secured a $1.3 billion refinancing deal to accelerate its renewable energy and battery storage projects in Chile. The funding will refinance existing solar and wind assets totaling 1GW, while also supporting the development of 117MW of new battery energy storage systems (BESS). This is described as Sonnedix's largest refinancing transaction in Chile to date. The deal includes support from seven commercial banks with BNP Paribas, Bank of America, Crédit Agricole CIB and Santander acting as joint lead arrangers. The company emphasized the stability provided by investment-grade power purchase agreements and regulated revenue streams backing its portfolio. Sonnedix CEO Axel Thiemann highlighted this milestone as a sign of confidence in their execution capabilities. Sonnedix's global renewable energy portfolio now stands at 12GW, with over 5GW already operational across multiple countries including Chile, France, Germany, Italy and the UK.
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