March 26, 2020 |
French electric utility company Engie is in the loan market for at least $300 million to fund construction of solar power projects in Mexico, according to two sources with knowledge of the company's plans.
Engie has sent requests for proposals (RFPs) to its relationship banks and is expected to push for a long tenor, the sources said.
The loan will fund part of a 553 MW solar portfolio in Tlaxcala, backed by bilateral power purchase agreements (PPAs), one of the sources said.
Engie was one of th
French electric utility seeks at least $300 mln in long-term loans for 553 MW portfolio