MYTILINEOS S.A. secured financing for a portfolio of solar farm projects in Chile, aimed at generating 1.6 TWh of green electricity annually, significantly contributing to the country's decarbonization efforts.

Information on the Target

MYTILINEOS S.A. has successfully secured financing for a portfolio of solar farm projects in Chile, facilitated by a consortium of lenders that includes BNP Paribas, Intesa San Paolo, SMBC, Rabobank, and Santander Chile. DNV provided essential market advisory services throughout the financing process of these projects, which together have an impressive capacity of 588 MWp. These solar farms consist of the Willka, Doña Antonia, Tocopilla, and Tamarico projects, contributing significantly to both the energy supply and environmental goals in the region.

Among the projects, Willka has already commenced operations, while Doña Antonia is expected to be energized in February. Tocopilla and Tamarico are currently under construction. Collectively, this portfolio is anticipated to generate approximately 1.6 terawatt-hours (TWh) of green electricity annually, leading to an annual reduction of over 1 million tons of CO2 emissions—further supporting Chile's commitment to a sustainable future and renewable energy deployment.

Industry Overview in Chile

Chile is recognized as an emerging leader in solar energy, boasting one of the highest solar potentials globally due to its geographical and climatic advantages. The country has made significant strides in renewable energy adoption, po