KfW IPEX-Bank is financing the 123 MW »Granja« PV park in Chile
Post date: 03/03/2019 - 17:42
German KfW IPEX-Bank is financing the construction and operation of the 123 MW »Granja« PV park in Chile's Atacama Desert to be build by the Spanish project developer and independent power producer Solarpack Corporación Tecnológica S.L. The total investment volume adds up to around $114 million, with KfW IPEX-Bank providing a long-term loan of up to $91 million and the related interest hedging.
According to Solarpack, the financing by KfW IPEX-Bank supports the export of European know-how: developer, sponsor and engineering, procurement and construction (EPC) and operation and maintenance (O&M) service. The photovoltaic park is scheduled for completion in 2019. The offtake of the power generated will be assured from 2021 until 2040 via PPAs signed with 25 regional distribution companies and the remaining energy produced will be sold on the spot market.