Invenergy wraps up Uruguay wind deal

Invenergy wraps up Uruguay wind deal

Loans M&A Uruguay

Invenergy said it has acquired the 70MW Campo Palomas wind farm in Uruguay from Teyma Uruguay, a unit of Spain's Abengoa. According to local media reports, the US energy company will finance part of the acquisition with a $67m loan from the Inter-American Development Bank (IDB). The reports also said Norwegian lender DNB has provided a $68m loan to refinance the $65m bridge loan that it provided to Abengoa last year. Teyma will carry out the engineering, procurement and construction work

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