Business

OPDEnergy closes $103 mn financing arrangement to support two power projects

Spain-based renewables developer OPDEnergy has closed an $103 million financing arrangement to support two power projects in Chile. After securing project finance from Japan’s Sumitomo Mitsui Banking Corporation, OPDEnergy will be able to finalise the construction the 50-MW La Estrella wind farm in the O’Higgins region, which up to now bankrolled using its own resources. The fresh funds will also support the launch of the 104.3-MWp Sol de los Andes photovoltaic (PV) project in the Atacama region.

Source: Renewables Now

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