Grenergy borrows for solar project in Chile

Grenergy borrows for solar project in Chile

Loans Energy Renewable Solar Debt Project & Infrastructure Finance Chile Europe

Spain's Grenergy has obtained $71 million in financing for the 103 MW Quillagua photovoltaic solar power project in the Atacama Desert in northern Chile, according to source involved in the transaction. The debt package involves a 17-year, $60m senior facility from the local lenders Banco Security, BancoEstado and Penta Vida, as well as a $11 million mezzanine loan from Sinia Renovables, a division of the Spain's Banco Sabadell, the source said. PPU Legal said it advised Grenergy on the financin

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