Acciona bags €100 million green loan to fund renewable projects in Chile
Post date: 20/04/2017 - 19:55
Spanish renewable energy company Acciona Energía SA has signed a €100 million ($107 million) »green loan« with Spanish financial service company Banco Bilbao Vizcaya Argentaria (BBVA) to partially fund its photovoltaic and wind energy projects in Chile. »Green loans« are certified like »green bonds« by an independent auditor, who confirms the contribution to sustainability by the projects they fund.
In 2014, Chile's National Energy Commission (CNE) awarded a contract by competitive tender to Acciona Energy Chile to supply 600 GWh per year for 15 years to Chilean electricity distributors in the Central Interconnected System (SIC). In another tender held in August 2016, the CNE awarded the company a contract to supply 506 GWh per year for 20 years to distributors in the Central Interconnected System (SIC) and the Far North Interconnected System (SING).