IFLR1000

Parque Eólico Cabo Leones 115.5MW wind farm

29/11/2016
Project development, Project finance
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$ 140 million

Announced

29/11/2016

Overview:

  • Parque Eólico Cabo Leones 115.5MW wind farm
  • The Cabo Leones wind farm is a 115.5MW plant located in the Atacama region of Chile.
  • As part of a PPA, awarded in October 2015, the plant will supply Chile's central grid with energy.
  • A 100km transmission line will connect the plant to the Chilean central grid. 
  • Crédit Agricole Corporate & Investment Bank, Sumitomo Mitsui Banking Corporation and DNB Bank granted $140 million in financing for the development of the project.
  • The project also involved a VAT loan, on which Banco Security acted as lender.

Rani Mehta - Journalist 

Jurisdiction:

Chile

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy

Firms:
Carey

Party: Banco Security (Lender)

Lawyers: Felipe Moro, Juan Pablo Stitchkin

Linklaters

Party: Parque Eólico Cabo Leones (Borrower)

Milbank

Party: Crédit Agricole Corporate and Investment Bank (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: DNB Bank (Lender)

Lawyer: Roland Estevez

Morales & Besa

Party: Crédit Agricole Corporate and Investment Bank (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: DNB Bank (Lender)

Lawyers: Carlos Silva V, José Miguel Carvajal, Myriam Barahona A

Philippi Prietocarrizosa Ferrero DU & Uría

Party: Parque Eólico Cabo Leones (Borrower)

Lawyers: Andrés Sanfuentes, Carlos Alberto Reyes

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