X-Elio closes finance for 58-MW solar project in Chile
Summary
Spanish solar developer and operator X-Elio has closed a USD-40-million (EUR 33.9m) non-recourse financing for a 58-MW solar photovoltaic (PV) project in Chile.The loan was signed with Norwegian bank DNB, which acted as sole lead arranger and sole swap provider, Spanish media reported on Monday.Located in the commune of Maria Elena, in the North of Chile, the La Cruz solar plant will be able to generate enough power to meet the demand of 20,000 local homes and offset about 70,000 tonnes of carbon dioxide (CO2) emissions.In addition to this PV project, X-Elio is developing the 57-MW Guanaco solar plant in Antofagasta region.Choose your newsletter by Renewables Now. Join for free!
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