Solarpack Secures $176 Million Financing for San Martin Solar Project
The solar project is currently under construction
March 25, 2024
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Solarpack, a solar project developer, has secured a $176.6 million senior financing package for the 300 MW San Martin solar project in Peru. The financing has been secured from enders Crédit Agricole Corporate and Investment Bank, Natixis Corporate & Investment Baking, BBVA, and BNP Paribas using a project finance structure, being the first renewable project financed in Peru based on a Power Purchase Agreement (PPA) between private parties.
