Natixis supports CVE Chile in the development of an up-to-110MW portfolio of 20 solar photovoltaic plants in Chile, operating under Chile’s special regime for distributed generation projects (the “PMGD” regime). Natixis acted as Sole Lead Arranger, Hedge Provider, and Administrative Agent and Natixis provided a firm underwriting for 100% of the approx. US$87 million senior facilities.
The Portfolio is in line with CVE's vision of the renewable energy market, based on the decentralization of production and a direct energy sales model through private contracts, in response to the needs of businesses and local authorities.
It marks the third PMGD loan portfolio term financing arranged by Natixis, making Natixis a leader amongst financial institutions in the PMGD space.