EDP Renewables to finance Mexican projects

28 April 2020 - 12:00 am UTC

EDP Renewables is seeking to raise non-recourse debt to finance construction of two projects in Mexico, said three sources familiar with the situation.

In early March, the sponsor sent invites to potential lenders describing the 281 MW (dc) / 200 MW (ac) Los Cuervos solar project and the 96 MW Los Cañones wind project, both to be built in Mexico.

The sponsor is now awaiting responses to gauge appetite and to decide whether to finance the projects as a portfolio or to raise two separate credit facilities, sources added.

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