Salvador –like SunEdison’s 51MW San Andres project underway in Chile – will operate on anentirely merchant basis, selling its electricity directly onto the grid withoutsubsidy.
LikeSunEdison’s at San Andres, Etrion will source most of the non-recourse projectdebt for Salvador from the Overseas Private Investment Corporation (OPIC), the USgovernment’s development finance institution.
OPIC willprovide Etrion – which has tapped US solar group SunPower to build and kit outSalvador – with $140m in project debt which comes with a 19.5-year
