Madrid, 17 November 2020
We are pleased to announce Solaria has closed an agreement dated as of November 16, 2020 with the American insurance company Metlife and the Inter-American Investment Corporation (IDB Invest) for the debt refinancing of its two Uruguayan PV plants Yarnel and Natelu (23MW), for an amount of approximately $29mn and a duration of twenty years, subject to fulfilment of all conditions precedent to disbursement.
Project debt has received a BBB credit rating and a green qualification by Standard & Poor’s.
Thanks to this operation, the company will reduce the cost of financing and double the dividends received by these two assets.
