By: Nader, Hayaux & Goebel
August 8, 2019
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Financing of OPDEnergy’s photovoltaic plants by Sumitomo Mitsui Banking Corporation
NHG advised 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.
NHG advised Sumitomo Mitsui Banking Corporation in two facilities for US$101 million in total, including letter of credit facilities for USD$15 million to subsidiaries of OPDEnergy in Mexico. The purpose of the loans will be to finance the development of two solar plants in Aguascalientes (29.67 MW ) and Coahuila (82.5 MW), Mexico .