Mainstream Renewable Power Successfully Completes the Final Phase of US$1.8 billion Wind and Solar Financing Deal in Chile
Mainstream Renewable Power has achieved financial close for the third and final phase of its "Andes Renovables" wind and solar platform in Chile. The c. US$182 million in debt raised will be used to build the “Copihue” phase which consists of one wind farm, named Camán, located in central Chile. The project, which will commence operations in 2022, initially had an installed capacity of 100 MW but has since increased to 148.5 MW following the signing of an additional long-term, bilateral Power Purchase Agreement (PPA) with a strategic partner.The senior debt financing comes from