Injection of US$71m by group of financiers brings boost to project under construction in Atacama Desert, the largest ever to be undertaken by Madrid-headquartered developer.
EPC multinational marks operational launch of solar assets in Chile and India as January-September 2019 revenues nearly double year-on-year but net profit more than halves.
CaixaBank, DNB, KfW IPEXBank, Natixis, SMBC and Societe Generale pump US$580m of debt into Andes Renovables platform, meant to deploy 1.3GW of wind and solar by 2022.
Spanish firm will source the energy for the plant from a mix of its Chilean renewables operations.
The developer will see its trade financing facility swell to €200 million (US$220 million) after striking an agreement with Dutch bank ABN AMRO.
Reden Investments Chile and Natixis have successfully closed senior facilities totaling US$96.4 million for an up-to-100MW portfolio of PV projects in Chile.
Firm’s H1 2019 revenue and EBITDA increase mixes with profit margin squeeze as construction progresses in Spain, Chile and global pipeline hits 1.76GW.
Deal to procure 1.6GW of renewables worldwide will see Silicon Valley giant purchase 720MW of PV in the US, 160MW in Denmark and 125MW from Chilean solar-plus-wind hybrid.
Infrastructure group adds to Latin American EPC contracts after being chosen by Clean Capital Energy to deploy 89MW La Huella in Chile’s Coquimbo region.
Construction kick-off of Atacama’s 382MW Campos del Sol sees firm hit fresh Latin American PV milestone, days after making progress with 608MW complex in Brazil.
The fund can deploy a total of US$2 billion in funding, according to the company. It will be spearheaded by Actis' head of infrastructure Glen Matsumoto.
The Sol del Desierto solar plant in Antofagasta region, set to be operational by January 2022, will help Chile transition off coal and reach its goal of being carbon neutral by 2050.
Launch of construction works in South American desert should see US$180m project become commercially active by December 2020, IPP says.
Natixis and ARCO 3 SpA have closed senior facilities totaling US$69.1 million for a portfolio of solar PV plants in Chile with up to 70MW of generation capacity.
Developer to tap into existing clean energy portfolio in South American state to provide mining giant with up to 3TWh annually for 10 years, starting in 2021.