Project Finance Brief: Mytilineos Secures Financing for 588 MW Solar Portfolio
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Mytilineos, a Greek industrial conglomerate, has reached the financial close for its 588 MW non-recourse solar park portfolio in Chile. The financing was secured from lenders BNP Paribas, Intesa San Paolo, Sumitomo Mitsubishi Banking Corporation, Rabobank, and Santander Chile. The financing consists of a construction and term facility of $315 million, a VAT facility of $30 million, and a $32 million letter of credit facility.
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