News
[Energy]
June 2011 - Astris-Advised Peruvian Solar Photovoltaic Plant Reaches Milestone in Financing ProcessAstris Finance is pleased to announce that the Board of Directors of the Overseas Private Investment Corporation (OPIC) today approved USD 123 million in financing for the construction of two 20-megawatt solar power plants in Peru developed by Grupo T-Solar, a world leader in solar photovoltaic (PV) energy generation. Astris Finance is acting as exclusive financial advisor to T Solar of Spain in the structuring and fund raising for this USD 150 m project.
The Project is innovative in many respects. It forms part of the first batch of 26 renewable energy projects awarded pursuant to the first renewable energy auction organized by Peru’s Ministry of Energy in October 2009. It is the first industrial solar PV plant ever developed in Latin America. It is the largest plant ever developed on a project finance basis using T-Solar’s amorphous silicon (A-Si) panels. T-Solar A-Si panels use the ‘SunFab’ solar panel technology developed by Applied Materials, Inc., a California company which provides manufacturing equipment and services to the global semiconductor industry.
The debt structure is also innovative in that it uses OPIC as the funding source while the project’s credit risk is syndicated to a global provider of credit insurance.
Closing is expected in Q4/2011.
[Renewables]
December 2011 - Solar Project Developers advised by Astris Complete the Sale of 3 PV Parks in France
