Reden and Natixis close PMGD financing of solar PV projects in Chile
Reden Investments Chile SpA (“Reden Solar Chile”) and Natixis have successfully closed senior facilities totaling US$96.4 million for the up-to-100MW portfolio of solar PV plants in Chile (the “Reden Chile Solar PMGD Portfolio”). Reden Solar Chile is wholly-owned by affiliates of Reden, a French independent renewable power producer with more than 10 years of experience. This marks the second PMGD loan portfolio term financing arranged by Natixis, and one of the first such transactions closed in the international project finance market.
Reden Solar group is an independent renewable power producer focused on the development, construction and operation of photovoltaic solar plants in France and internationally. Created in 2008 in the Lot et Garonne region and present in Nimes (France) and Madrid (Spain), Reden Solar has undergone a strong growth due to the professionalism of its team. A leading player of the energy transition, Reden Solar, supported by its shareholders Infravia (53%) and Eurazeo (47%), continues to develop with more than 450 MW in operation all over the world at the end of 2018.