Santiago, Chile / 2025-12-17 – Following the closing of roughly US$325 million in financing for its T-Power platform, Toesca Asset Management (Toesca AM) has announced the development of a new renewable energy project in Chile. The move consolidates the firm’s strategy to scale utility-grade clean energy assets and enhances its capacity to deploy projects in one of Latin America's most attractive solar markets.
Public disclosures tied to the financing — including statements related to legal counsel engagement by White & Case and press coverage — indicate the US$325 million facility is intended to back the T-Power platform, which is structured to develop generation and storage assets across the region. To date, Toesca has not published detailed technical specifications for the Chilean project — such as nameplate capacity (MW), battery capacity (MWh) or expected commercial operation date (COD). Based on the announced strategy and the financing size, the following observations are reasonable:
- Platform structure: T-Power is a vehicle designed to aggregate renewable assets under a unified financial and operational model, enabling scale financing and replication advantages for engineering and O&M.
- Likely asset mix: given Chile’s market dynamics and the scale of funding, the project is likely utility-scale photovoltaic (PV) with a high probability of co-located battery energy storage to capture intraday value and provide grid services.
- Financial and legal packaging: the participation of international law firms suggests investors and lenders seek bankable contracts, with risk mitigation mechanisms for construction and market exposure.
Market context
Chile remains a highly efficient destination for solar investment in Latin America thanks to extremely high solar irradiance, competitive sites particularly in the north, and regulatory mechanisms that have facilitated renewable procurement. Falling wholesale prices and rising flexibility needs have increased the commercial case for adding storage. For a platform like T-Power, opportunities include corporate and utility PPAs, merchant exposure, and ancillary service revenues.
Expected impact and returns
Although operational data on the new project are not yet public, the scale of financing implies Toesca aims to deliver assets that produce stable, predictable cash flows suitable for institutional capital. Value drivers likely include:
- Replicability: standardizing design and contracting across projects to reduce CAPEX and OPEX per MW.
- Battery integration: increasing revenue streams by time-shifting generation to peak periods and participating in capacity and ancillary markets.
- Financial leverage: structured debt and favorable terms that can enhance equity IRR.
Risks and transparency
Public information has not specified exact site, capacity, or PPA counterparties, limiting precise calculations of IRR or local price impacts. Permitting, environmental approvals, land rights and transmission access in Chile will remain key execution risks and determinants of schedule.
Conclusion
The US$325 million financing for T-Power and the launch of a new Chilean project position Toesca AM as an important player in regional renewables expansion. While technical details are pending disclosure, the transaction signals investor confidence in platform-based strategies that pair generation with storage. Market participants and investors will watch for published technical parameters (MW/MWh, COD, PPA terms) to accurately assess returns and the environmental benefits of the development.
References: public notices related to the T-Power financing and coverage attributing legal advisory to White & Case and reporting in Funds Society and related outlets.
