Arroyo Energy secures loans for Chile solar projects

Arroyo Energy secures loans for Chile solar projects

Loans Project & Infrastructure Finance Solar Chile

Arroyo Energy has raised $80m to build a 70 MW solar power portfolio in Chile, COO Rudolf Araneda told LatinFinance. The deal is split into a seven-year, $65m loan and a $5m letter of credit facility from the French bank Natixis along with a CLP6.8bn ($10m) VAT loan from the local lender Banco Bice. The portfolio includes seven projects with 24 MW in capacity that are weeks away from starting commercial operations, Araneda said. It also has three projects with 26 MW in capacity that begin cons

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