Atlas turns to IDB Invest for loans, private placement

Atlas turns to IDB Invest for loans, private placement

Project & Infrastructure Finance Loans Debt Solar Uruguay

Atlas Renewable Energy is looking for $115m through an IDB Invest A loan and B bond issuance, according to a statement from the multilateral lender's private sector arm. Proceeds will refinance an existing construction loan and fund costs related to two renewable power projects in Uruguay - the 59 MWp El Naranjal solar photovoltaic power plant and the 17MWp Del Litoral solar facility. IDB Invest will provide roughly $10m through a senior A loan and a $2m subordinated loan. The remaining $103m

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