EGP gets Santander Mexico loan

Italian renewables giant Enel Green Power has tied up a €153m ($211m) loan agreement with Spanish finance house Santander to underpin its wind developments in Mexico.

The 12-year Santander loan comes under the auspices of the Spanish Export Credit Agency.

EGP operates 144MW of capacity in Mexico and is building 204MW more across two wind farms.

Santander recently struck a deal with compatriot Gamesa to work together on developing up to 500MW of capacity in Mexico.