May 17, 2018 |
Atlas Renewable Energy is looking for $115m through an IDB Invest A loan and B bond issuance, according to a statement from the multilateral lender's private sector arm.
Proceeds will refinance an existing construction loan and fund costs related to two renewable power projects in Uruguay - the 59 MWp El Naranjal solar photovoltaic power plant and the 17MWp Del Litoral solar facility.
IDB Invest will provide roughly $10m through a senior A loan and a $2m subordinated loan.
The remaining $103m is
Actis subsidiary shops for $115m to refinance debt related to two Uruguayan solar plants