Mainstream Renewable Power has completed Financial Close and has started constructing its 33MW Negrete Cuel Wind Farm in southern Chile.
The wind farm, which is 100% owned by Mainstream, is expected to be fully operational by September this year. The project has been financed without a Power Purchase Agreement and Mainstream will sell the energy directly into the spot market. China Development Bank has provided US$ 52 million in senior project finance for the wind farm and the remaining US$ 18 million will be funded by Mainstream’s own equity. Goldwind is supplying the project with its GW87 1.5MW wind turbines.
The wind farm, which is 100% owned by Mainstream, is expected to be fully operational by September this year. The project has been financed without a Power Purchase Agreement and Mainstream will sell the energy directly into the spot market. China Development Bank has provided US$ 52 million in senior project finance for the wind farm and the remaining US$ 18 million will be funded by Mainstream’s own equity. Goldwind is supplying the project with its GW87 1.5MW wind turbines.
