Sonnedix, Natixis pen US$ 87m, 100MWp Chilean solar offer

Jun 15, 2020 04:33 PM ET
  • Sonnedix and also French financier Natixis have actually closed senior financing facilities to bring forward as much as 100MWp of solar in Chile.
Sonnedix, Natixis pen US$ 87m, 100MWp Chilean solar offer
Image: Sonnedix

The offer will see independent power producer (IPP) Sonnedix bear down a portfolio of solar projects backed by Chile's Small Distributed Means of Generation (known as PMGD under its Spanish acronym) program, which sustains smaller-scale renewables with a managed, secured cost for exported power.

Sonnedix is to finish a first four PMGD-backed tasks with an overall capacity of 25MW, while the funding framework of its take care of Natixis enables more PMGD jobs to be included at a later date should they meet pre-set qualification requirements.

An additional two jobs with a combined capacity of 14MWp are to be added to the profile later this month, as well as Sonnedix expects to include an additional 61MWp of tasks at a later day.

Axel Thiemann, chief executive at Sonnedix, stated the funding will certainly enable the IPP to remain to increase its visibility in Chile's arising solar market.

"We continue proactively seeking possibilities to spend and create jobs that will certainly assist accomplish key tactical goals for the nation's power system," he stated.

Aitor Alava, taking care of supervisor and also head of facilities money for Latin America at Natixis, stated the bargain was the fourth such finance portfolio term funding setup prepared by the firm in the past year.

The company additionally authorized a similarly-structured manage regional designer CVE Chile in December last year.

The latest edition of PV Tech's downstream journal PV Tech Power includes a feature on the capacity of Chile's solar market as the nation goes after renewable resource targets, which can be reviewed in full below.

Solar Installers, Manufacturers