Chile's Colbun issues USD-600m green bond to finance new renewables

Chilean electric utility Colbun SA has issued green bonds worth USD 600 million (EUR 514.7m) to finance the construction of its renewable energy projects at home.

Colbun’s first green bond bears a coupon of 3.15% and matures in 2032, the company said Monday. The notes were placed in the international market.

Colbun said it has five projects totalling roughly 2,000 MW in advanced stages of development and another group of 1,100 MW in early stages.

The company’s most mature projects are the 10-MW Machicura solar PV farm, which is close to reaching commercial operation, the 230-MW Diego Almagro Sur, a solar project currently under construction and the 778-MW Horizonte wind project, which Colbun will start building before the end of 2021.

The next in line are the 487-MW first phase of Inti Pacha and the 537-MW Jardin Solar PV projects, both of which have passed the environmental review, Colbun added.

(USD 1.0 = EUR 0.858)

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