Best Renewable Energy Financing

Best Renewable Energy Financing

Corporate & Sovereign Strategy

Grupo Cobra corralled a variety of financing sources into a creative structure to execute the $254 million deal backing this combined 129.25MW wind facility in Peru. The bespoke and diverse nature of this transaction, as well as the tenacity of the sponsor and the lenders highlights this financing against other contenders. The main components of the 18-year deal were a $206.5 million senior tranche and $33.9 million junior tranche. This included a $20 million fixed-rate tranche designed specifically to entice institutional investors and that received a full commitment from an undisclosed insurance company. Development bank CAF provided a portion of the junior tranche which, because o

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