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Project financing

Pattern Development Completes $205 Million Construction Financing on 122 MW Conejo Solar Project in Chile

Submitted by aburr on Tue, 2015-08-18 16:51

Pattern Energy Group completed approximately $205 million in project financing and the start of construction on its Conejo Solar PV power project in Chile. The 122-MW Conejo Solar PV power project is being constructed approximately 30 kilometers east of Taltal in Chile's Atacama Desert. Construction of the project is expected to be completed in the summer of 2016. Conejo Solar has a 22-year PPA with Minera Los Pelambres, an affiliate of Antofagasta Minerals, for approximately 65% of the project's output over the term of the agreement.

Transactions (August 2013)

During the month of June, MidAmerican issued $1 billion in bonds for solar projects in California; PG&E sold $750 million in two tranches; ITC floated bonds totaling $550 million; plus debt issues from Duke, TransCanada, Entergy, and others totaling $4.35 billion.

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Watch the Cycle

Can the upward swing in global power infrastructure investment be sustained?

The current recovery in global power-sector investment is being driven not only by rising demand for power, but also by the huge levels of liquidity in global financial markets. How long will the current up-cycle last?

Byline: 

Daniel I. Blanchard

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