Repsol Ibereolica secures funding for $118 mn wind farm in Chile

By Editor


Repsol Ibereolica Renovables Chile has secured debt funding for the $118 million Project Atacama, a 165.3 MW wind farm in Chile.

The project finance structure was tailor made to maximize debt based on both contracted and merchant revenue cash flows, while keeping strong credit metrics. As a result, the transaction received significant interest from several banks and was oversubscribed.

Credit Agricole CIB said this is the fourth advisory transaction that Credit Agricole CIB has closed in Chile over the past two years. In addition to Project Atacama, these include the 204 MW Cabo Leones II wind farm (owned by Ibereolica and Global Power Generation); the 101 MW San Pedro PV plant (owned by Global Power Generation); and Generadora Metropolitana’s 1.23 GW multi-technology energy platform.

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