Photovoltaic development in Chile: financing for four new solar parks

Intesa Sanpaolo – along with a pool of international banks – participated in the $315 million in financing for MYTILINEOS towards the construction of four solar parks in Chile.

Once built, the four projects, which will have a total capacity of 588 MW, will generate around 1.6 terrawatt-hours (TWh) of clean energy a year, with reducing carbon dioxide emissions by more than 600,000 tonnes.

The four photovoltaic parks are those of Willka, Doña Antonia, Tocopilla and Tamarico.

MYTILINEOS is a Greek company that builds and develops renewable energy projects.

Intesa Sanpaolo – and in particular its IMI CIB Division – has a long tradition in project financing globally and intends to increase investments in the Americas for the development of sustainable infrastructure.

The transaction is part of the IMI CIB Division's international business development strategy, as envisaged in the Group's strategic plans, guided by CEO Carlo Messina.