ARCO 3 gets $69.1 million led by Natixis for solar PV plants in Chile

By Wendy Van Sickle

Columbus, Ohio, July 31 – ARCO 3 SpA closed $69.1 million of senior credit facilities arranged by Natixis for its up-to-70MW portfolio of solar photovoltaic plants in Chile, according to a news release.

The portfolio will consist of assets operating under Chile's special regime for distributed generation projects, which may be remunerated for their generation at a regulated stabilized price.

The financing structure provides ARCO with the flexibility to add additional solar photovoltaic projects to the portfolio, subject to eligibility criteria.

ARCO is wholly owned by affiliates of Arroyo Energy Investors, an investor in energy projects throughout the Americas, which has offices in The Woodlands, Tex., and Santiago, Chile.

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