Acciona bags EUR-100m green loan for Chilean projects

Source: Acciona S.A.

April 20 (Renewables Now) - Spanish infrastructure and renewables group Acciona SA (BME:ANA) announced today it will get a EUR-100-million (USD 107.5m) green loan to finance its solar photovoltaic (PV) and wind projects in Chile.

The long-term loan will be provided by Spanish lender BBVA (BME:BBVA). Certified to conform to the Green Bond Principles by Vigeo Eiris, it is one of the first loans of this type to be awarded to a local firm, Acciona said in a statement.

Acciona Energy Chile won in 2014 a contract from Chile's National Energy Commission (CNE) to supply 600 GWh of renewable power per year for 15 years to electricity distributors in the Central Interconnected System (SIC). In August 2016, the company was awarded another contract by CNE, this time for the supply of 506 GWh/year for 20 years to distributors in both SIC and the Far North Interconnected System (SING).

Acciona estimates that the solar and wind power plants it will install to serve these contract will generate enough power to cover the annual consumption of some 550,000 homes.

(EUR 1.0 = USD 1.075)

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