July 10, 2019 |
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 borrow
BNP Paribas, Credit Agricole lead 16.5-year term loan for 200 MW solar PV facility