September 19, 2019
Fotowatio Renewable Ventures (FRV) said it has reached financial close on its second solar power project in Mexico with loans from the International Finance Corporation (IFC) and the state-run export credit agency Bancomext.
According to documents on IFC's website, the multilateral agency approved an A/B loan for $65m for the Potrero Solar project in the state of Jalisco. IFC granted a direct loan for $17.3m and arranged $13m through the Managed Co-Lending Portfolio Program (MCPP) with instituti
Spanish renewable energy company secures financing from IFC and Bancomext for the 296 MW Potrero Solar park in Jalisco