378 MW Acajutla LNG project in the Department of Sonsonate reaches financial close
Astris Finance has announced the closing of the senior debt financing for the Acajutla LNG project in El Salvador.
The project consists of the development, construction, and operation of a 378 MW LNG-to-power plant at the Port of Acajutla in El Salvador. The project is majority-owned by Invenergy, along with its local partner and original developer, Quantum Energy. Lenders to the project include the Overseas Private Investment Corporation (OPIC), the International Finance Corporation (IFC), Finnish Export Credit Ltd (FEC), and the Inter-American Investment Corporation (IDBI). Astris Finance served as exclusive financial advisor to Invenergy over the multi-year financial structuring process.
The facility successfully raised US$657 million of multi-source limited-recourse financing, consisting of three loans provided by development finance institutions (IFC, OPIC and IDBI), as well as an ECA covered loan with KfW IPEX-Bank as the original lender and facility agent, FEC as the funding provider and the Finnish Export Credit Agency Finnvera guaranteeing the ECA loan.
Country updates
-
-
January 07, 2020
Neoen achieves more than 90% completion of 40 MWp Capella Solar PV project in El Salvador
Neoen is nearing operation as it reached more than 90% completion of the Capella Solar, the 140 MW project involving two photovoltaic (PV) parks and battery storage facility in El Salvador. The facil...
Read more -
November 07, 2019
AES, CMI completes 100 MW Bosforo solar PV project in El Salvador
AES and Corporacion Multi Inversiones(CMI) have completed a 100 MW Bosforo solar photovoltaic project in El Salvador. The project has an investment cost of about US$160 million and composed of t...
Read more -
July 12, 2019
Vestas wins order for 54 MW wind farm in El Salvador
Vestas has received its first-ever order in El Salvador for the 54 MW Ventus wind park, which will be the country's first utility-scale wind park. The engineering, procurement, and construction (EPC)...
Read more -
April 01, 2019
Real Infrastructure Capital Partners commences operation of three solar parks in Acajutla
Real Infrastructure Capital Partners has inaugurated its three solar photovoltaic parks in El Salvador with a combined capacity of 43.62 MW. The solar projects - 10.16 MW La Trinidad, ...
Read more -
February 13, 2019
Ventus SA de CV to construct the 54 MW wind project in Metapan
El Salvador prepared the way for the construction of its first wind project. The government signed a contract with Ventus SA de CV, in charge of constructing the 54 MW wind park located in Metapan, of...
Read more
