Celsia secures $100m Peru renewables credit facility from SMBC today

• Colombia’s Celsia obtained a USD 100 million revolving facility from SMBC to finance development of renewable projects in Peru.

Colombian utility group Celsia has lined up a USD 100 million revolving credit facility with Sumitomo Mitsui Banking Corporation (SMBC) to accelerate renewable energy development in Peru. The structure gives Celsia flexible, repeatable drawdowns—ideal for a project pipeline that advances in stages through permitting, interconnection studies, equipment procurement and construction.

A revolver is particularly useful in early and mid-stage buildouts. Sponsors can fund site acquisition and grid fees, then cycle capital into EPC milestones as shovel-ready assets queue up. Once projects reach commercial operation, long-term financing can refinance the revolver, freeing capacity for the next tranche. For lenders, the facility is anchored by Celsia’s regional track record and a clear use-of-proceeds framework focused on low-carbon assets.

Peru’s fundamentals are attractive: strong solar resource, growing corporate offtake appetite, and a maturing regulatory environment. The challenge is execution cadence—coordinating interconnection upgrades, reserving long-lead electrical gear, and sequencing EPC crews across dispersed locations. With SMBC backing, Celsia can lock transformers, switchgear and protection systems early—items that often dictate schedules—while standardizing plant designs around high-efficiency modules, robust DC/AC sizing and grid-code-compliant controls.

Celsia’s toolkit typically includes single-axis tracker solar plants with plant-level reactive power and ride-through capabilities, plus the option to add batteries that shift midday output into evening demand and provide fast frequency response. Even where storage isn’t day one, preserving pad space and transformer headroom is now standard, future-proofing sites as Peru’s flexibility needs expand.

Community integration will be central to delivery: biodiversity-friendly groundcover, construction traffic plans, and drainage sized for intense rainfall are table stakes, as are clear decommissioning provisions. Once energized, unified SCADA and predictive maintenance—thermal scans, string-level analytics, targeted cleaning—can lift availability by basis points that compound over decades.

The upshot: the SMBC revolver arms Celsia with nimble capital to turn a pipeline into operating megawatts, smoothing a multi-year investment program that supports Peru’s decarbonization while managing construction and supply-chain risk.