April 25, 2019 |
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
Irish renewable energy company had expected to sign the deal this month, but now lenders are waiting to see what happens with the German wind turbine manufacturer