SunEdison will own and operate the facility. It will sell power on a merchant basis into Chile’s Sistema Interconectado del Norte Grande (SING).

The Overseas Private Investment Corporation (OPIC) will provide $48.9m in financing; the Inter-American Development Bank $50.3m; Clean Technology Fund $16m and CorpBanca of Chile $39.8m.

CorpBanca will also provide $35m equivalent in Chilean pesos to cover project value-added taxes.

CorpBanca