By Abdullahi Lukman
Atlas Renewable Energy has closed a refinancing transaction of approximately $3 billion, described as the largest corporate refinancing to date for non-conventional renewable energy in Latin America.
The deal was executed with the backing of its sponsor, Global Infrastructure Partners, and a consortium of international financial institutions, including Crédit Agricole, Natixis Corporate & Investment Banking, Banco Santander, BNP Paribas, MUFG Bank, Goldman Sachs and Morgan Stanley.
The transaction involved 26 law firms across 11 jurisdictions, reflecting its scale and complexity.
The refinancing covers a portfolio of operational solar and battery storage assets primarily located in Chile, with additional projects in Brazil and Mexico.
The company said the capital raise will optimize its balance sheet, lower financing costs across its regional operations, and support long-term expansion in clean energy infrastructure.
Chief Executive Officer Carlos Barrera said the scale of the refinancing demonstrates strong confidence from global lenders in the company’s strategy and asset performance.
He noted that the funding marks a new phase of financial maturity for Atlas and will underpin further growth across Latin America.
Atlas, which reports a renewable asset base exceeding 10.8 gigawatts, has focused on developing, financing, constructing and operating large-scale renewable projects since 2017.
The company said it continues to refine its capital structuring approach to support the region’s energy transition, with an emphasis on innovative financing models for solar and battery storage.
With operations concentrated in Latin America, Atlas positions itself as a key partner for corporations seeking long-term clean energy supply solutions, combining infrastructure development with environmental, social and governance standards.
