Santa Isabel secures loan for Chilean solar project

Santa Isabel secures loan for Chilean solar project

Debt Capital Markets Loans Project & Infrastructure Finance Chile

The Santa Isabel solar project has secured a $195m loan to build a 200 MW photovoltaic (PV) power plant in Antofagasta, Chile, LatinFinance has learned. The project’s operator, TSGF, obtained the 16.5-year term loan from BNP Paribas, Credit Agricole, Banco Sabadell and Korea Development Bank. Chile’s Banco del Estado also contributed a CLP10.2bn ($15m) VAT facility. Chilean firm PPU and Latham & Watkins acted as lenders’ counsel, while Carey & Cía and Milbank & LLP advised the borr

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