Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has closed a $173 million debt financing for its portfolio of utility-scale solar projects in Chile.
The financing was led by Deutsche Bank and the proceeds will be used primarily to fund ongoing construction costs and the acquisition of further projects to expand the portfolio.
“The closing of this debt financing is an important part of our multi-year strategy to build a large-scale portfolio of attractive and strategically located solar projects in Chile,” said Matt O’Brien, president of CC&L Infrastructure. “The financing enables us to accelerate our portfolio build-out, de-risks this investment and creates value for our investors.”
Since making its initial investment in Chile in 2017, CC&L Infrastructure has significantly expanded its portfolio of ground-mounted solar assets. The portfolio is currently comprised of approximately 43 megawatts of operating projects, 40 megawatt
