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Chilean renewable energy developer oEnergy has procured an $87 million financing package from CIFI to finance the development and construction of 24 solar projects in the country with a combined generation capacity of 72MW.
Leading international law firm Clifford Chance has advised Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (CIFI) as senior and subordinated lender, mandated lead arranger and administrative agent, in connection with the senior and subordinated loans of up to US$86.6 million to be extended to a subsidiary of Chile's oEnergy for the financing of a portfolio of 24 photovoltaic PMGD projects in the Republic of Chile. The renewable energy created by the projects will avoid an estimated total emission of 73,344 tons CO2eq/year to the atmosphere.