IDB Invest circles more Mexican solar funding

IDB Invest circles more Mexican solar funding

Loans Project & Infrastructure Finance Structured Finance Energy Renewable Mexico

IDB Invest may lend MXN1bn ($53m) to Fondo de Acumulacion, a special purpose vehicle part of Mexico's distributed solar power space. Under the program, various developers will originate, sell, maintain and administer the photovoltaic (PV) equipment in residential, industrial and commercial buildings. The financing involves two parts. The first - the accumulation stage - involves the IDB and IDB Invest, formerly known as the IIC, providing a senior revolving credit facility to the trust to purc

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