The 272 MW solar PV and 1,100 MWh battery storage project in Northern Chile has initiated commercial operations, triggering completion of CVC DIF’s acquisition from Grenergy first announced in September 2025
CVC DIF, the infrastructure business of leading global private markets manager CVC, has completed the acquisition of the Gabriela project, a utility-scale hybrid PV-BESS energy project located in Northern Chile, from Grenergy, a Spanish multinational clean energy producer. The transaction, first announced in September 2025, was structured to complete once the project reached its Commercial Operation Date. As the solar-plus-storage facility has reached this milestone, Gabriela joins CVC DIF’s global portfolio.
The completed project comprises 272 MW of installed solar capacity and 1,100 MWh of battery storage, and is backed by a signed 15-year, USD-denominated, inflation-indexed hybrid power purchase agreement (PPA). It also benefits from Chile’s supportive regulatory framework for storage investments.
Caine Bouwmeester, Partner and Head of Renewable Energy at CVC DIF, commented 'The completion of Gabriela marks an important step for CVC DIF in Chile. Combining large-scale solar generation with battery storage, the project will deliver reliable energy and enhance the flexibility and resilience of the Chilean grid. We are pleased to have partnered with Grenergy to bring it to completion, and to welcome the asset into our growing global portfolio.'
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Source: CVC
