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Financing of OPDEnergy’s photovoltaic plants by Sumitomo Mitsui Banking Corporation
Representing Sumitomo Mitsui Banking Corporation in the financing of two photovoltaic plants under development by subsidiaries of OPDEnergy in Mexico, a Spanish company dedicated to the development, operation and maintenance of renewable energy projects.
Nader advised Sumitomo Mitsui Banking Corporation in two facilities for US$101 million in total, including letter of credit facilities for US$15 million to subsidiaries of OPDEnergy in Mexico. The loans will be used to finance the development of two solar plants in Aguascalientes (29.67 MW ) and Coahuila (82.5 MW), Mexico .
The energy and clean energy certificates produced will be mainly sold to CFE Suministrador under 15-year PPAs and the remainder and associated capacity in the electricity market.