Enel Green Power takes $150 million loan for Chilean activities
Enel Green Power takes $150 million loan for renewable energy investments in Chile, among them wind, solar and geothermal developments.
Reported earlier this week, Enel Green Power’s subsidiary Enel Green Power Chile announces it has concluded a loan agreement with Banco Bilbao Vizcaya Argentaria Chile (BBVA) for a $150 million loan to be used to partially cover its investment plan over the next few years in Chile.
A 5-year loan, it will be disbursed in the next few months and is backed by a parent company guarantee.
In Chile, Enel Green Power works on wind power projects, solar parks, but also is exploring various concessions with a potential of power generation capacity of more than 100 MW.
The company is one of the largest renewable energy developers with today a total installed capacity of 1,080 MW with operations in Costa Rica, Mexico and Chile, and additional projects in Brazil.
Source: Newswire Today