Enel Green Power S.p.A. (“Enel Green Power”), through its subsidiary Enel Latin America (Cile) Ltda, has concluded an agreement with Banco Bilbao Vizcaya Argentaria Cile (BBVA) for a 100 million US dollar loan to be used to partially cover its planned investments over the next few years in Chile.
The 5-year loan will be disbursed in 2013 at 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 is currently implementing wind projects in Chile for a total investment of around 300 million US dollars.
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’s heat – enough to meet the energy needs of around 10 million households and avoid the emission of over 18 million tonnes of CO2 into the atmosphere. Enel Green Power is a world leader in the sector thanks to its well-balanced generation mix, providing generation volumes well over the sector average. The Company has an installed capacity of 8,000 MW from a mix of sources including wind, solar, hydroelectric, geothermal, and biomass. Currently, EGP has over 700 operational plants in 16 countries in Europe and the Americas.
In Latin America, Enel Green Power runs renewable energy plants in Mexico, Costa Rica, Guatemala, Panama, Chile and Brazil for a total installed capacity of 900 MW. In the wind sector, the company is currently building three plants in Brazil for a total installed capacity of 90 MW and has a 24 MW wind farm in Costa Rica, as well as two wind farms, totalling 144 MW, in Mexico. With its century-long experience in the field of geothermal energy, Enel Green Power is developing new opportunities in this sector. In Chile, in particular, the company is exploring several concessions for a potential capacity exceeding 100 MW.