Enel signs $100 million loan agreement to cover renewable power projects

Through its unit Inelec, Enel Green Power signed a $100 million loan agreement with BBVA Bancomer, one of Mexico’s largest banks. Enel has around 197 MW of installed renewable energy capacity in Mexico, with 144 MW coming from wind power and 53 MW coming from hydroelectric power.

The loan is aimed at partially covering the company’s investments in the Mexican state of Oaxaca, according to Power Engineering.

The five-year loan will be disbursed this year at an interest rate in line with the market benchmark and will be backed by a parent company guarantee released by Enel Green Power.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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