Banverde borrows to buy small-scale solar projects

Banverde borrows to buy small-scale solar projects

Debt Loans Energy Solar ESG Solar Mexico Panama

  Mexican investment fund Banverde recently closed a syndicated loan for $57 million to finance the acquisition of small-scale solar projects, according to the Corporación Interamericana para el Financiamiento de Infraestructura (CIFI), a regional infrastructure lender based in Panama. CIFI led the loan with contributions from co-sponsors WRB Serra Partners and Banverde Activos, it said in a press release. Banverde now has $76 million to invest in the next three years. It plans to finance the in

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