Conduit Capital, CAF get 81% stake in Peruvian PV projects
Nov 12, 2012 - US-based private equity investment firm Conduit Capital Partners LLL and Latin American development bank CAF have jointly acquired 81% stake in two photovoltaic (PV) projects with total capacity of 40 MW in southern Peru.
Spanish companies Solarpack and Gestamp Solar are the developers and builders of the two projects, which have total cost of some USD 210 million (EUR 165.1m), Conduit Capital said in a statement today.
The Tacna project has started operation, while the Panamericana project is under construction. The two solar plants will supply Peru's national grid with power under 20-year power purchase agreements.
This is the first solar investment made by Conduit Capital Partners, which is focused on energy infrastructure projects in Latin America and the Caribbean, the firm added.