Spain's OPDEnergy shuts financing for 17 MW of solar in Chile

• Spain-based renewables designer OPDEnergy has safeguarded financing for 17 MW of small dispersed generation solar installments (PMGD) in Chile, it claimed on Tuesday.

The business will certainly obtain a USD-13.7-million (EUR 11.7 m) elderly small business loan from the Inter-American Corporation of Infrastructure Financing (CIFI), with a term of 18 years. It will allocate the funds to establish, build and also run a profile included three solar plants in Chile's Valparaiso region.

When up and running, the Litre, Lingue as well as Llay photovoltaic (PV) plants will be able to create around 38,000 MWh yearly, sufficient to offset 23,500 tonnes of carbon dioxide (CO2) and supply electrical power to 9,500 individuals, OPDEnergy stated.

With the finance structure deal, the developer will certainly be able to include added PMGD projects to its Chilean profile, it said. In all, OPDEnergy has 182 MW of installed ability in the South American nation, among which are the 104-MWp Sol de los Andes PV park and the 50-MWp La Estrella wind farm.