Mytilineos Secures Financing for 588MWp Chilean Solar Portfolio

• Greek energy company Mytilineos secures financing for 588MWp solar portfolio in Chile, with DNV's advisory role playing a crucial part in achieving this milestone. The projects are expected to generate 1.6TWh of green electricity annually and reduce over 1 million tonnes of CO2 emissions each year. Enel Chile commits to purchasing most of the power produced through 10-year power purchase agreements.

Greek energy company Mytilineos has secured financing for a 588MWp solar portfolio in Chile. The financing deal involved a group of lenders including BNP Paribas, Intesa San Paolo, SMBC, Rabobank, and Santander Chile. DNV acted as a market advisor for the financing, which includes the Willka, Doña Antonia, Tocopilla, and Tamarico projects. The solar power plants are expected to generate around 1.6TWh of green electricity annually and reduce over 1 million tonnes of CO2 emissions each year. Enel Chile has committed to purchasing most of the power produced through 10-year power purchase agreements (PPAs).

This is Mytilineos' third project financing of solar PV projects internationally and its first in Chile. DNV's advisory role played a crucial part in achieving this financing milestone, supporting Mytilineos and contributing to the acceleration of renewable energy deployment in Chile. The projects are at different construction stages, with one already operational, one set to be energised in February, and two under construction. The projects will also be eligible to receive capacity payments from the Chilean ISO.

How did Mytilineos secure financing for its solar portfolio in Chile?

• Mytilineos secured financing for its 588MWp solar portfolio in Chile through a group of lenders including BNP Paribas, Intesa San Paolo, SMBC, Rabobank, and Santander Chile.
• DNV acted as a market advisor for the financing, playing a crucial role in achieving this milestone and supporting Mytilineos in the acceleration of renewable energy deployment in Chile.
• The financing deal includes the Willka, Doña Antonia, Tocopilla, and Tamarico projects.
• The solar power plants are expected to generate approximately 1.6TWh of green electricity annually.
• The projects will also reduce over 1 million tonnes of CO2 emissions each year.
• Enel Chile has committed to purchasing most of the power produced through 10-year power purchase agreements (PPAs).
• This is Mytilineos' third project financing of solar PV projects internationally and its first in Chile.
• The projects are at different construction stages, with one already operational, one set to be energized in February, and two under construction.
• The projects will be eligible to receive capacity payments from the Chilean ISO.