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Eurus seals green loan for solar plants in Chile

Eurus seals green loan for solar plants in Chile

May 28, 2021
Japanese energy developer borrows $80 mln from SMBC to buy and build 80 MW in greenfield projects under the PMGD program

Loans Debt M&A ESG Green Finance Solar Chile Japan Energy Solar

Japanese energy development company Eurus Energy has closed on a $75 million green loan and a $5.5 million letter of credit to buy and build 80 MW in solar power projects in Chile. SMBC was the green loan coordinator, structuring bank, bookrunner and swap coordinator on the transaction, the Japanese bank said in a press release on Thursday. Eurus will operate the solar plants under Chile's Pequeños Medios de Generación Distribuidos (PMGD) program, which allows smaller generators to connect to th

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