Engie Energía Chile has closed a US$400 million green term loan facility to accelerate its strategic investment plan focused on renewable energy projects.

Corporación Andina de Fomento ( CAF ) acted as lender, administrative agent, and lead arranger. Sumitomo Mitsui Banking Corporation served as green loan coordinator, with Crédit Agricole CIB, BBVA ( New York Branch ), and SMBC as arrangers. Norton Rose Fulbright represented Engie Energia Chile.

The loan supports Engie’s development pipeline of solar, wind, and battery storage projects, which will significantly expand its renewable capacity and advance its decarbonization process. A portion of the proceeds will be used to refinance up to US$100 million of existing debt related to these initiatives.

Engie is one of Chile’s leading power generation and transmission firms, and is heavily involved in the decarbonization of the country’s power sector while meeting growing energy demand. The financing will help achieve regional climate goals without compromising supply security and stability, the company says.