Solar and battery projects in Chile and Colombia anchor a 2,500 megawatt portfolio
Verano Energy, a regional power developer, reports that solar and battery projects in Chile and Colombia are the main markets driving an international portfolio past 2,500 megawatts, a measure of how much power a plant can generate at any moment, of clean energy projects, and more than 2,000 megawatt hours of battery storage, the amount of electricity a battery can hold and then release over an hour. Most of that storage sits inside a hybrid project, a site that generates electricity from sunlight by day and discharges a battery after dark, so it keeps sending power to the grid after sunset.
Verano Energy states more than 40 megawatts for the Magdalena portfolio of 3 projects. This bar is drawn at 40, the stated floor of that figure.
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| Domeyko Chile | 83 |
| Observatorio Chile | 123 |
| Chicala Colombia | 13 |
| Magdalena Colombia | 40 |
Domeyko pairs solar with a battery to replace fossil fuel power in Chile
Domeyko, near Vallenar in the Atacama Region of Chile, pairs 83 megawatts of solar with 660 megawatt hours of battery storage. Verano Energy closed 204 million dollars of financing for the project, most of it a 176 million dollar loan from a group of banks, plus a smaller tax related loan and equity from an infrastructure investment fund. Abastible, a gas distribution company, signed a long term contract in December 2024 to buy power from the plant, called a power purchase agreement. The solar side was 90% complete as of August 2026, and commercial operation is expected by the end of 2026. Dylan Rudney, chief executive officer of Verano Energy, described Domeyko as proof that solar plus storage can replace fossil fuel power for major energy users.
Domeyko demonstrates the ability of solar plus storage to directly replace fossil fuels and provide reliable, low-cost power to major energy users.
Dylan Rudney, chief executive officer of Verano Energy. Source 2.
An independent report on the financing by pv magazine Latam says Domeyko is expected to generate enough electricity each year to match the use of 430,000 households.
The 176 million dollar term loan comes from a lender group of Sumitomo Mitsui Banking Corporation, Societe Generale and Scotiabank. The 12 million dollar loan is a tax related facility from Scotiabank. The gap between the 2 debt pieces and the 204 million dollar total is equity from an infrastructure investment fund, which is not stated as a separate figure by the source.
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| Term loan | 176 |
| Tax related loan | 12 |
| Total financing secured | 204 |
The battery storage figure for Observatorio grew once the contract was detailed
Observatorio, near the town of Marchigue in central Chile, pairs 123 megawatts of solar with battery storage. Verano Energy first gave Observatorio 660 megawatt hours, matching Domeyko, then a later announcement naming Sungrow as the battery supplier gave a more specific figure, 720 megawatt hours at 4 hours of duration, meaning the battery can discharge at full power for 4 hours straight. That is the more detailed, more recent figure, and the one used here. Copec Emoac, an energy company, has agreed to buy power from the plant, and Verano Energy expects around 150 gigawatt hours of output a year once the plant reaches commercial operation, targeted for February 2028, from a 190 million dollar investment. Adding the 83 megawatts of solar at Domeyko to the 123 megawatts at Observatorio gives 206 megawatts of hybrid solar capacity across the 2 named Chile projects, and adding the storage at both sites gives 1,380 megawatt hours, a total Verano Energy does not state directly.
Domeyko is source 2. The combined figure adds the 2 project figures together, a total Verano Energy does not state.
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| Domeyko | 660 |
| Observatorio | 720 |
| Combined 2 projects | 1380 |
The development pipeline in Colombia is set to pass 400 megawatts
In Colombia, Chicala, in Sabanalarga in the Atlantico department, is a 13 megawatt solar plant expected to generate 25.9 gigawatt hours a year, financed through Financiera de Desarrollo Nacional, a Colombian development bank, with the utility AES Colombia agreeing to buy the electricity. Verano Energy reports Chicala reached 100% of solar panel installation in July 2026. A separate Magdalena portfolio of 3 projects adds more than 40 megawatts, and 2 further large scale projects are planned within 5 years, putting the development pipeline in Colombia above 400 megawatts.