Through its subsidiary Inelec, Enel Green Power, has concluded an agreement with Banco Bilbao Vizcaya Argentaria Bancomer (BBVA) for a 100 million US dollar loan aimed at partially covering its planned investments in the Mexican state of Oaxaca.
The 5-year loan will be disbursed by 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 currently has around 197 MW of installed capacity in Mexico, 144 MW of which wind power and 53 MW of which hydroelectric.
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