CVE Chile and Natixis sign $95 million facility to finance photovoltaic plants

Independent producer of renewable energy CVE Chile and French financial services firm Natixis have closed a senior facilities totaling $95 million for a portfolio of solar photovoltaic plants in Chile with expected capacity of 150 MW. The portfolio consists of solar plants that will operate under Chile's special regime for distributed generation projects (PMGD). Each of the facilities will have a capacity of up to 9 MW (ac) and is entitled to sell its energy output at the regulated stabilized price.
The PMGD regime was created in 2005, with the goal of incentivizing more distributed and greener electricity generation. In late 2019, CVE Chile and Natixis have closed senior facilities totaling $87 million for a 110 MW portfolio of 20 solar photovoltaic plants in Chile.
The CVE Group develops, finances, and builds solar and hydro power plants and biomethane units to operate them on its own for their entire lifespan. Based in Marseille, France, with 6 regional offices, CVE has an international presence in Africa and through its subsidiaries in Chile and North America. Its photovoltaic facilities comprised 441 MW.

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