September 25, 2013
Oaxaca II & IV
Noteworthy financings of renewable energy projects in Latin America are no longer hard to find.
In August 2012, Peru’s Cerro del Águila hydro-electric power plant, set to be the country’s biggest, called for a highly sophisticated structure for its $590 million loan.
Meanwhile, French developer EDF last October took out a stunning 14.2 year local currency loan, structured under local law, for its 3.56 billion peso Eoliatec del Istmo wind farm in Mexico.
But none stood out as much as the success of Acciona Energía in luring bond investors for the first time to a Latin American renewable energy project — in this case, the Oaxaca II and IV wind farm project.
The two powe
Financing two wind farm projects in southern Mexico was hard work, but the deal stands out for attracting bond investors to a new type of risk