X-ELIO closes a financing of 40 million dollars with DNB for one of its projects in Chile

X-ELIO closes a financing of 40 million dollars with DNB for one of its projects in Chile

Its commissioning will allow the supply of clean energy to 20,000 homes in the region and will mean a reduction of 70,000 tons of CO2 emissions to the atmosphere
X-ELIO is committed to the development of clean energy projects in Chile, a country where it has started up another PV plant in the Antofagasta region
GO ECO GREEN21. Solar energy in Chile keeps shining bright. X-ELIO, a leading global company specialized in the development, operation and maintenance of photovoltaic solar energy projects, has secured non-recourse financing with DNB for 40 million dollars for one of its projects in Chile, La Cruz PV plant. A report carried by Energía Limpia XXI magazine states that this project, with a total capacity of 58 MWp is located in the commune of María Elena, in northern Chile. At the moment, La Cruz PV plant is in its construction phase and with its commissioning it will be able to supply energy to 20,000 homes in the region, providing an important support in the development and introduction of clean energies in Chile. The project will also allow the saving of 70,000 tons of CO2 emissions to the atmosphere.

In addition to this project, X-ELIO has a strong commitment to Chile in the development of other PV plants in the country. Specifically, the firm is developing Guanaco PV plant, with a capacity of 57 MWp, located in the Antofagasta region.

DNB, which has acted as Sole Lead Arranger and Sole Swap Provider, is highly committed to boosting new clean energy projects that support green change globally.

David Díaz, X-ELIO’s CFO said: “We are very proud to announce the closing of this financing with a first-class partner, such as DNB. For us it is an honor to be part of this project, which will make a significant contribution to the energy transition and economic development in Chile. Furthermore, this new milestone highlights the ability and effort of the entire team of X-ELIO to continue promoting new projects at a national and international level in the current context of uncertainty”.

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