Crédit Agricole CIB leads Atlas Renewable Energy’s USD 3.0bn Landmark LatAm Refinancing

The transaction covers a diversified portfolio of 11 utility-scale solar PV plants and battery storage facilities across Chile, Mexico and Brazil. The portfolio benefits from long-term investment-grade offtake agreements with leading regional counterparties including but not limited to CODELCO, ENGIE, COLBUN, EMOAC (COPEC) and CFE.

This $3bn refinancing package represents the largest corporate financing for non-conventional renewable energy projects in Latin America to date.

This transaction marks the culmination of a multi-year partnership with Atlas Renewable Energy and its shareholder Global Infrastructure Partners, a part of Blackrock (“GIP”), initiated in 2022 through a series of standalone non-recourse project financings across Latin America.

Crédit Agricole CIB acted as Joint Bookrunner, Green Loan Coordinator and Deal Contingent Hedge Provider, alongside a select international banking group.

This landmark platform refinancing further reinforces the Bank’s leadership in renewable energy financing across Latin America and strengthens its long-term partnership with Atlas Renewable Energy and GIP.