X-Elio has closed non-recourse financing with DNB worth US$40 million for the 58 MW La Cruz solar photovoltaic project located in the commune of Maria Elena, Antofagasta, Chile.
Norwegian bank DNB acted as sole lead arranger and sole swap provider for the transaction.
The project is expected to supply the demand of about 20,000 local homes and offset CO₂ emission up to 108.354 tonnes annually.
Country updates
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August 24, 2020
Chilean ISO licenses 141 MW Luz del Norte solar project to supply ancillary services
First Solar's 141 megawatt (MW)AC Luz del Norte photovoltaic (PV) power plant is the world’s first known utility-scale solar facility licensed to deliver ancillary grid services commercially. Ch...
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August 21, 2020
AES Gener to invest US$750m in renewable hybrid project in Chile
AES Gener has filed an Environmental Assessment System (EIS) for its Parque Terra Energía Renovable project in Chile. The 863 MW proposal is a combination of photovoltaic, wind, and battery ene...
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August 21, 2020
Engie submits environmental impact statement for 204.6 MW Vientos del Loa wind project in Calama
ENGIE Energía Chile has submitted an Environmental Impact Statement (EIS) to update the capacity of the Vientos del Loa wind farm, going from the 126.5 MW already admitted to a total capacity o...
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August 17, 2020
OPDEnergy finalizes financing for two Chilean renewable projects
OPDEnergy has concluded a financing value of US$103 million for its two renewable assets projects in Chile. Sumitomo Mitsui Banking Corporation (SMBC) has granted the financing to Opdenergy. The fund...
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July 31, 2020
Sonnedix, Collahuasi sign PPA for 170 MWp Sonnedix Atacama Solar PV plant in Pica
Sonnedix and Collahuasi, the second largest copper mining operation in Chile, have signed a long-term power purchase agreement (PPA) for the delivery of 150 GWh per year. The PPA is for a 24/7 supply...
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