Natixis Corporate & Investment Banking (Natixis CIB), along with three international commercial banks, has finalized a $176.6 million senior secured green financing for a solar PV asset in Peru.
Sponsored by Solarpack Corporacion Tecnologica (Solarpack), a Spain-based global independent power producer, the project marks a significant step towards sustainable energy development. Natixis CIB played a central role, acting as Joint Bookrunner, Joint Lead Arranger, Joint Green Loan Coordinator, and Administrative Agent.
The financing will bolster the construction, operation, and maintenance of the approximately 300MW San Martin solar PV plant in southern Peru. Once operational, this project will stand as the largest solar PV plant in Peru’s history, making substantial contributions to the decarbonization of the electric grid.
It is estimated to power the equivalent of 440,000 homes annually. This initiative underscores Natixis CIB’s commitment to green and sustainable investments while showcasing its expertise and leadership in the region.
Luis Alvargonzalez, Chief Financial Officer of Solarpack, expressed gratitude for the support received from major international financial institutions, emphasizing their confidence in Solarpack’s solvency, business model, and management. He specifically thanked Natixis for their assistance in realizing the success of this operation.
Aitor Alava, Head of Infrastructure & Energy Finance LatAm at Natixis CIB, highlighted the institution’s track record in financing renewable energy infrastructure in Latin America. He described the transaction as another example of Natixis’s commitment to supporting strategic investments in the region and advancing the energy transition.
GreentechLead.com News Desk