Crédit Agricole CIB Advises Repsol and Ibereólica on a Greenfield Wind Energy Project in Chile
- Aug 18, 2022 1:43 pm GMT
The project finance structure was tailor made to maximize debt based on both contracted and merchant revenue cash flows, while keeping strong credit metrics. As a result, the transaction received significant interest from several banks and was oversubscribed.
Repsol and Ibereólica formed their joint venture in 2020 in order to develop, build and operate a portfolio of renewable assets in
“Crédit Agricole CIB is honored to have been trusted by Repsol and Ibereólica to raise a competitive financing package, which sets a valuable benchmark for the development of their joint venture in Chile,” said
This is the fourth advisory transaction that Crédit Agricole CIB has closed in
Crédit Agricole CIB is the corporate and investment banking arm of
For many years Crédit Agricole CIB has been committed to sustainable development. The Bank was the first French bank to sign the Equator Principles in 2003. It has also been a pioneer in Green Bond markets with the arrangement of public transactions from 2012 for a wide array of issuers (supranational banks, corporates, local authorities, banks) and was one of the co-drafters of Green Bond Principles and of the Social Bond Guidance. Relying on the expertise of a dedicated sustainable banking team and on the strong support of all bankers, Crédit Agricole CIB is one of the most active banks in the Green bonds market.
For more information, please visit www.ca-cib.com
Tel: +1 212 261 7328
Source: Crédit Agricole CIB
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