Ibereólica Cabo Leones II S.A.

Ibereólica Cabo Leones II S.A. - Project Financing

Industry
Power/Onshore wind
Area of finance
Project & Infrastructure Finance
Region
Latin America
Countries
Chile

Deal Overview

Non-recourse first/second lien project financings of the US$217 mn financing for a 235 MW wind farm owned and operated by Ibereólica Cabo Leones II S.A. (Cabo II) located in Atacama, Chile (the Cabo II Project).The Cabo II Project is a joint venture between Spanish power producers Global...

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Non-recourse first/second lien project financings of the US$217 mn financing for a 235 MW wind farm owned and operated by Ibereólica Cabo Leones II S.A. (Cabo II) located in Atacama, Chile (the Cabo II Project).The Cabo II Project is a joint venture between Spanish power producers Global Power Generation (GPG) and Grupo Ibereólica.

The Cabo II Project was awarded twenty 20-year power purchase agreement (the Disco PPAs) under Chile's distribution company auction regime (the Disco PPA Auctions). Cabo II Project is expected to commence operations in 2021.


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Deal Volume
$ 217m
Financial Close
07 April 2021
Sources
Submitted by participant(s), Press release, Proximo article

All Dealmakers

Jeannine  Acevedo

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Tranches


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Projects

Cabo Leones II Wind Farm Project

Greenfield
Onshore wind
Latin America
$ 260m