Glenfarne Group and Partners Group have secured a $200 million nonrecourse financing for EnfraGen’s greenfield solar photovoltaic portfolio in Chile. The deal includes an option of an additional $40 million upsizing via an accordion feature.
Owned by Glenfarne and Partners Group, EnfraGen is a developer, owner and operator of specialized sustainable and renewable power and grid-stability assets in Latin America. The transaction was executed through EnfraGen’s renewables division, Fontus Renewables.
Lenders involved in financing the transaction included Banco de Crédito e Inversiones, BNP Paribas, DNB Bank ASA and Sumitomo Mitsui Banking Corp. EnfraGen will use the proceeds from the financing to fund the construction, acquisition, operations and maintenance of 237 megawatts of projects.
“The beneficial terms of this financing reflect the quality of the projects, support of our banking relationships and the market’s increasing confidence in EnfraGen as a
