Sojitz funds Chilean solar project

Sojitz funds Chilean solar project

Chile Loans Project & Infrastructure Finance

Sojitz Corporation has turned to theĀ Nippon Export and Investment Insurance (NEXI) to fund a solar project in Chile, while covering most of the project costs with equity. The Japanese conglomerate got $67.4m in 18-year financing for the Huatacondo photovoltaic plant, equal to a gearing ratio of 44.1% debt and 55.9% equity, said sources involved in the financing. NEXI provided insurance for a $47.2m loan from Japanese lenders Mizuho, SMBC and Iyo Bank. Mizuho and SMBC each contributed $18.1m to

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