Energia
Atlas Renewable Energy And DNB Markets Issue Largest Solar PV Bond In $ Issuance In Latin America
The two solar PV generation assets are located in the Atacama and Antofagasta regions in the north of Chile , and together they have a total installed capacity of 314MWp. Both projects have been combined under a single financing portfolio – an innovative structure that provides the investors with key structural benefits and synergies of cross-collateralized assets and cross-guaranteed cash flows. A similar original arrangement was seen in Atlas Renewable Energy's refinancing of its two solar plants in Uruguay in 2018, structured by DNB Markets and for which the company was awarded the 2018 Structured Bond Deal of the Year.
This time, the transaction comprises two of the company's solar PV projects in northern Chile : Javiera is a 70MWp fully operational asset, which provides clean energy under a Corporate PPA with Minera Los Pelambres (majority owned by Antofagasta Minerals) since 2015; and Sol del Desierto , a 244MWp greenfield project being developed by Atlas Renewable Energy, currently under construction. This plant is expected to start providing clean energy to Engie Energia Chile S.A by 2022. Sol del Desierto will use bifacial technology, which collects sunlight not only on the front side but also on the rear side to maximize generation.
" " said Carlos Barrera , CEO of Atlas Renewable Energy, who also added: " " He continued: " ."
" " stated Emilio Fabbrizzi, Managing Director at DNB Markets in New York . " "
Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America . The current company portfolio is 1.7GW of contracted projects in development, construction, or operational stages, and aims to expand by an additional 4GW in the next years.
Launched in early 2017, Atlas Renewable Energy includes an experienced team with the longest track record in the solar energy industry in Latin America . The company is recognized for its high standards in the development, construction, and operation of large-scale projects.
Atlas Renewable Energy is part of the Energy Fund IV, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Actis has allocated some USD700m of equity in Atlas Renewable Energy to invest in long-term renewable energy contracted projects.
Atlas Renewable Energy's growth is focused on the leading emerging markets and economies of
Latin America , using its proven development, commercialization, and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, the company works every day to provide Latin America with a cleaner future.
To know more about Atlas Renewable Energy, visit: http://www.atlasrenewableenergy.com/
DNB Markets, Inc. is a register broker dealer in the United States and an affiliate of DNB Markets, a division of DNB Bank ASA in Norway . DNB is Norway's largest financial services group and one of the largest in the Nordic region in market capitalization.
The Group is among the world's leading banks within shipping, energy and seafood. The bank has a selective global focus on renewable energy, with main emphasis on hydro, wind and solar technologies and is committed to support sustainable initiatives with green solutions.
Diana Castellanos , Marketing and Communications Manager, Atlas Renewable Energy
Email: dcastellanos@atlasren.com
Andressa Quadros , BCW
Email: andressa.quadros@bcw-global.com
Emilio Fabbrizzi, Managing Director, DNB Markets
Email: Emilio.Fabbrizzi@dnb.no
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