ENEL GREEN POWER SIGNS 100 MILLION EURO LOAN WITH EKF FOR WIND FARMS IN CHILE

Published on Friday, 27 December 2013

It is the fourth loan agreement signed with EKF, Denmark’s Export Credit Agency, in the last three years, for a total amount of more than 500 million euros.

Rome, December 27th, 2013 - Enel Green Power S.p.A. (“EGP”), acting through its subsidiary Enel Green Power International B.V. (“EGPI”), has signed a 100 million euros loan agreement with EKF, Denmark’s Export Credit Agency and Citi, the latter as sole lead arranger and agent. The loan is guaranteed by EGP.

The 12-year term loan will be used to cover part of the investments in EGP’s Taltal and Valle de Los Vientos wind farms in Chile, wholly owned by EGP. The wind farms have an overall installed capacity of around 190 MW.

EKF’s institutional role involves supporting Danish component manufacturers, to which EGP has turned for the construction and development of the plants.

The loan – the fourth granted to EGP by EKF in the last three years, for a total amount exceeding 500 million euros – bears an interest rate in line with the market benchmark.

Enel Green Power’s development strategy relies on funding projects through cash flow generation, in combination with external funding only when the latter is long-term and competitively-priced as well as coming from reliable partners.

 

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Generale | December, 27 2013

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