Mainstream reaches financial close for third phase of Chilean wind farm

Wind Industry Profile of

The global wind and solar company, Mainstream Renewable Power, has achieved financial close for the third and final phase of its 'Andes Renovables' wind and solar platform in Chile.

The c. US$182 million in debt raised will be used to build the 'Copihue' phase which consists of one wind farm, named Camán, located in central Chile. Financing of the Copihue portfolio signals the start of the final phase in the build-out of Andes Renovables The project, which will commence operations in 2022, initially had an installed capacity of 100 MW but has since increased to 148.5 MW following the signing of an additional long-term, bilateral Power Purchase Agreement (PPA) with a strategic partner. The senior debt financing comes from KfW... ... More: Official Press Release Mainstream Renewable Power

Keywords:

Mainstream Renewable Power, Chile, financial close, investment, phase, onshore, wind farm, financial close, debt, renewable energy