Enel Green Power signs loan agreement with BBVA in Mexico and Chile

Enel Green Power, through its subsidiary Enel Green Power Mexico, S. de R.L. de C.V., has concluded an agreement with Banco Bilbao Vizcaya Argentaria Bancomer (Mexico) for a 150 million US dollar loan to be used to partially cover its investment plan in Mexico.

The 5-year loan, disbursed in 2013, has an interest rate in line with the market benchmark and will be backed by a parent company guarantee released by Enel Green Power.

Enel Green Power currently has an installed capacity of about 197 MW in Mexico, 144 MW of which from wind power and 53 MW from hydroelectric sources.

Enel Green Power, through its subsidiary Enel Green Power Chile Ltda, has concluded an agreement with Banco Bilbao Vizcaya Argentaria Chile (BBVA) for a 150 million US dollar loan to be used to partially cover its investment plan over the next few years in Chile.

The 5-year loan will be disbursed in the next months at an interest rate in line with the market benchmark and will be backed by a parent company guarantee released by Enel Green Power.

In Chile, Enel Green Power recently connected to the grid the Talinay and Valle de los Ventos wind farms, both with an installed capacity of 90 MW, and it is constructing Taltal, its biggest wind farm in the country (99 MW), for an investment of approximately 190 million US dollars. The company has also begun construction on its first solar park in the Country (Diego de Almagro, 36 MW) and, in the geothermal sector, Enel Green Power is exploring various concessions that have the potential for generating more than 100 MW.
Enel Green Power is the Enel Group company fully dedicated to the development and management of renewable energy sources at the international level, with operations in Europe and the Americas. The company generated more than 25 billion kWh in 2012 from water, sun, wind and the Earth