Mainstream closes EUR 110 mln trade finance facility

Thursday 17 October 2019 00:23 CET | News

Ireland-based Mainstream Renewable Power has secured a EUR-110-million increase to its existing trade finance facility.


The trade finance facility is mean to support the 1.3-GW Andes Renovables portfolio of wind and solar projects in Chile. The arrangement was led by Dutch lender ABN Amro Bank NV, while a panel of international insurance companies acted as sureties.

The funds will at first be used for equity commitments related to the construction of the fully contracted Andes Renovables portfolio, which will require a USD-1.65-billion investment. The facility will also support bid bonds and performance bonds, Mainstream said.

The latest facility boosts the size of Mainstream’s trade finance proceeds to EUR 200 million. Last year, the Irish renewable energy company obtained EUR 90 million in a facility led by Norway’s DNB ASA and HSBC.


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Keywords: Mainstream, trade finance, Trade Finance Facility, Ireland, Mainstream Renewable Power, Andes Renovables portfolio, Europe
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech