FRV funds second solar project in Mexico

FRV funds second solar project in Mexico

Project & Infrastructure Finance Loans Debt Structured Finance Energy Renewable Solar Mexico Europe Middle East United States

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

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