Senvion troubles delay Mainstream loan in Chile

Senvion troubles delay Mainstream loan in Chile

Loans Project & Infrastructure Finance Energy Renewable Wind Chile Europe

Ireland's Mainstream Renewable Power faces delays in signing a 20-year, $485m loan in Chile after the German wind turbine supplier Senvion filed a "self-administered restructuring plan" on April 9, LatinFinance has heard. Mainstream ordered 81 wind turbines from Senvion for the Tchamma and Cerro Tigre wind power projects in December last year. But last week the German firm received €100m (US$112m) in debtor-in-possession financing from its lenders and main bondholders as part of an out-of-court

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