X-Elio closes $40 million non-recourse financing for 58-MW solar PV project in Chile

X-Elio has closed a $40 million non-recourse financing for a 58-MW solar photovoltaic (PV) project in Chile. The loan was signed with Norwegian bank DNB, which acted as sole lead arranger and sole swap provider. Located in the commune of Maria Elena, in the North of Chile, the La Cruz solar plant will be able to generate enough power to meet the demand of 20,000 local homes and offset about 70,000 tonnes of carbon dioxide emissions.

Source: Renewables Now