IIC considers loan for wind projects in Chile
Aela Generation SA is seeking US$175 million of financial support for a project involving the construction of two wind parks and a transmission line in Chile.
The Inter-American Investment Corporation (IIC) is reviewing the request. The company plans to build the 129 MW Aurora wind farm in Los Lagos and the 170 MW Sarco wind park in Atacama. The latter will comprise 50 Senvion's 3.4M114 wind turbines.
The Aurora wind farm will use 43 of Senvion's 3.0M112 machines. The project also includes the construction of a transmission line of an approximately length of 73 km and covers an already operational wind park totalling 33 MW.
Aela Generation SA is property of the private equity firm Actis (60%), which specializes in investment in emerging markets, and Mainstream Renewable Power (40%), a global renewable energy developer. Aela’s first operative project is the 33 MW Cuel wind farm, located in Chile’s southern Biobío Region, which started commercial operations in February 2014.
Country news
-
-
April 28, 2017
ACCIONA signs a green loan with BBVA to fund renewable projects in Chile
ACCIONA has signed a €100 million (US$109 million) "green loan" with BBVA to partially fund its photovoltaic and wind energy projects in Chile.
Read more -
April 19, 2017
OMERS acquires stake in Chilean Quintero LNG terminal
Borealis Infrastructure, the infrastructure investment manager of OMERS, has announced that it has signed an agreement to acquire a 34.6% stake in GNL Quintero S.A., (GNLQ).
Read more -
April 10, 2017
IIC provides financing to Enel's partially hooked to the grid 75 MW geothermal project in Chile
South America’s first geothermal power plant Cerro Pabellón, which was built by the Enel Group’s renewable energy subsidiary Enel Green Power Chile Ltda. and Chile’s state-owned hydrocarbons company Empresa Nacional del Petróleo, has started delivering electricity to the Norte Grande Interconnected System that serves northern Chile.
Read more -
March 17, 2017
IFC Global Infrastructure Fund invest in I Squared Capital LATAM energy platform
IFC, a member of the World Bank Group, and the IFC Global Infrastructure Fund (GIF), a fund managed by the IFC Asset Management Company (AMC), have invested a combined US$100 million in Orazul Energy Partners LLC, an affiliate of Orazul Energy Holdings LLC, an energy platform in Latin America owned by I Squared Capital.
Read more -
February 10, 2017
Mainstream obtains planning consent for 245 MW of Solar PV in Chile
Chile’s Environmental Assessment Service has approved Mainstream Renewable Power’s 245 MW Escondido Solar PV facility, making it one of the largest approved projects in the Atacama region.
Read more
