InvestChile Blog

FDI news | Policies & Tools | Business data analysis | Investment location trends

Mainstream obtains US$280 million to continue implementing renewable energy projects in Chile

InvestChile - October,20,2020

The initiative forms part of Andes Renovables, a wind and solar generation platform worth approximately US$1,800 million.

samyag-shah-NfGfWzYgAT8-unsplash

Irish generator Mainstream Renewable Power Ltd. reported on Wednesday that it has closed financing of US$280 million for the development of wind and solar projects in Chile.

Mainstream indicated in a statement that the debt financing follows the US$1,250 million it raised in two previous rounds for the construction of 1.3 GW in renewable capacity.

The financing structure was organized by AMP Capital Infrastructure Debt Fund IV.

“Mainstream is delighted to be working with AMP Capital to finance one of the largest wind and solar platforms in Latin America,” said Mainstream’s Chief Financial Officer, Paul Corrigan.

“This deal follows closely on the heels of the US$630 million Huemul senior project financing which we announced at the beginning of September. We are proud of the support Mainstream continues to receive in the international financial community. We place great value on our large group of capital providers, ranging from commercial banks, to insurance companies and sureties, to alternative lenders,” he added.

The initiatives are part of Andes Renovables, a wind and solar generation platform worth approximately US$1,800 million that comprises of seven wind and three solar photovoltaic generation assets.

Phases

The company indicated that the first 570-MW phase, “Condor”, closed financing in 2019 and construction is already 43% complete.

The second 630-MW phase, “Huemul”, comprises three wind and two solar photovoltaic generation assets.

The next and final phase, “Copihue”, consists of one further wind asset with a capacity of 100 MW.

Source: Pulso

For more news about projects in Chile’s electricity sector, see this article.  

Cartera Transmisión - EN

Topics: Foreign Investment in Chile- Solar energy- wind power- renewable energy- Energy- Mainstream

InvestChile

InvestChile

We are the government agency responsible for promoting Chile in the global market as a destination for foreign direct investment, serving as a bridge between the interests of overseas investors and the business opportunities the country offers and providing world-class services that are in line with the country’s economic development policies.

Previous Post

Mercado Libre inaugurates distribution center in Chile: Investment reaches US$100 million

Next Post

Government presents “green hydrogen diplomacy” to attract foreign investment

NEWSLETTER

Subscribe to our newsletter

Receive in your e-mail publications and news about how to guide your investment project in Chile

Subscribe to Our Newsletter

You can also suscribe to our Investment Review

* indicates required

100% Privacy. No Spam.

Related Posts

Visas and foreign citizens

We invite you to obtain a complete guide of residence laws and regulations for investors and foreign workers in Chile.
Learn More