- Reden Solar Chile’s 100 MW solar PV portfolio in Chile has secured financial closure with $96.4 million
- These projects will be developed under Chile’s special regime for distributed generation projects—PMGD
- The loan as senior facilities was arranged through Reden Investments Chile and Natixis
- The proceeds will help Reden finance the construction of these projects and also enable it to add additional solar projects
About Half A Year After Signing PPA For 252 MW PV Capacity Spanish Developer Solaria Energia Has Secured €140 Million in Financing
(30. June 2020)
Mainstream Renewable Power Achieves Financial Closure With $580 Million For 571 MW Solar & Wind Capacity In Chile Under Phase I Of 1.3 GW Andes Renovables Platform; Chooses Sterling & Wilson To Construct 145 MW Solar Farm
(07. November 2019)
Natixis, Banco Santander, BBVA & CaixaBank Together Shell Out €434 Million As Project Financing For 864 MW Solar Power Capacity In Spain For Grupo Cobra Subsidiary; Lenders Advised By Law Firm Watson Farley & Williams
(27. August 2019)
Reden Solar Chile has secured $96.4 million through senior facilities for up to a 100 MW distributed generation PV plant portfolio in Chile through Reden Investments Chile SpA and French financial services firm Natixis.
Proceeds of the transaction will be used to finance these projects. It will also provide the subsidiary of French independent renewable power producer Reden with flexibility to add additional solar PV projects to its portfolio under Chile’s special regime for distributed generation projects referred to as PMGD. The government remunerates such projects at a regulated stabilized price, said Reden Solar.
Owned by Infravia and Eurazeo, Reden Solar (previously Fonroche Solaire) had developed over 450 MW of solar power capacity by the end of 2018. As per information on its website, Reden also has two solar module production lines of 65 MW annual capacity.
Natixis says this is its second PMGD loan portfolio term financing with the first one arranged in July 2019 for 70 MW solar portfolio of ARCO 3 SpA.