The T-Solar Group, an operator in the solar photovoltaic
power generation market, announced three loan agreements for a total of $145
million to finance two photovoltaic power plants with an aggregate capacity of
44 MW in Peru.
The total capital expenditure for the two projects is
over $165 million. The Overseas Private Investment Corporation (OPIC), a US
government agency promoting sustainable US investment abroad, will provide up
to $131 million in senior debt, partially guaranteed by Assured Guarantee, a US
credit insurance company.
The Netherlands’ FMO and France’s PROPARCO will lend up
to $14.3m in mezzanine debt. T-Solar will fund the balance through equity.
Isolux Corsán, T-Solar’s parent company will carry out
construction works of the two solar photovoltaic energy projects. 113,600
thin-film amorphous hydrogenated-silicon modules produced by T-Solar’s Orense,
Spain factory will be deployed over 206 hectares of land in the Arequipa region
in southern Peru.
International Energy Agency estimated that the two solar plants will produce 80 GWh a year, enough electricity to
supply 80,000 people. The plants are expected to be connected to the national
grid by the second semester of 2012.
T-Solar expects the Latin America’s strongest economies
to provide interesting opportunities in the photovoltaic sector in the next 5
years.
By Greetechlead.com Team
editor@greentechlead.com