Colombia's Celsia Solar Bolivar PV plant in Colombia
July 7 (Renewables Now) - Latin American power producer and distributor Celsia SA has signed an agreement with the International Finance Corporation (IFC) to obtain a revolving credit line of up to USD 140 million (EUR 137.4m) linked to environmental, social and corporate governance (ESG) criteria.
Celsia stands to receive a more competitive interest rate on the credit if it reduces the intensity of its CO2 emissions that its operations release, the Colombia-based company said.
The credit facility has a maximum term of five years.
The funds will enable Celsia to finance construction and/or acquisition of renewable energy projects, commit new investments towards improving energy services in parts of Colombia, and continue developing the portfolio of products for its customers, Celsia further added.
The company had 132 MW of solar capacity divided between Colombia, Panama and Honduras at the end of 2021, and is currently building some 260 MW of solar in Colombia. More recently, it ordered 369 MW of Nordex turbines for three wind energy projects in Colombia.
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