CVC DIF Acquires Chilean Solar-Storage Project

CVC DIF, the infrastructure investment arm of global private markets firm CVC, has finalized its acquisition of the Gabriela hybrid energy project in Northern Chile. This significant transaction, initially agreed upon in September 2025, reached its closing milestone upon the project achieving its Commercial Operation Date.

The Gabriela facility represents a substantial addition to the renewable energy infrastructure in Chile, boasting a 272 MW solar photovoltaic capacity complemented by a robust 1,100 MWh battery energy storage system. This hybrid configuration is designed to provide consistent and reliable power, addressing the growing demand for stable renewable energy sources in the region.

This strategic acquisition underscores CVC DIF's commitment to expanding its renewable energy portfolio, particularly in markets with supportive regulatory environments for energy storage. Chile's framework, which actively encourages investments in grid flexibility and storage solutions, provides a favorable backdrop for such utility-scale projects. The project's output is secured through a 15-year, USD-denominated, inflation-indexed hybrid power purchase agreement, offering long-term revenue certainty.

Caine Bouwmeester, Partner and Head of Renewable Energy at CVC DIF, highlighted the project's importance, stating, "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." He further expressed satisfaction with the collaboration with Grenergy, the Spanish clean energy producer from whom the project was acquired.

The integration of battery storage with solar generation is a critical trend in the global energy transition. As intermittent renewable sources like solar and wind become more prevalent, storage solutions are essential for grid stability, enabling the dispatch of clean energy even when the sun isn't shining or the wind isn't blowing. The Gabriela project, with its substantial storage capacity, is well-positioned to contribute significantly to grid reliability in Chile, a nation actively pursuing ambitious decarbonization goals.

CVC DIF, headquartered in Amsterdam, manages approximately €23 billion in infrastructure assets across energy transition, transport, utilities, and digitalization. With a global presence and a focus on mid-market infrastructure, the firm leverages CVC's extensive international network to identify and execute strategic investments. This acquisition aligns with the broader market trend of institutional investors increasing their allocation to renewable energy infrastructure, driven by ESG mandates and the long-term economic viability of clean energy assets.