The $1.3bn concentrating solar power (CSP)/PV project has been cleared by Chile's environmental authorities. Investment fund EIG Global Energy Partners also has an equity stake.

Construction has already started and is expected to be completed in 2017.   

The loan is still being appraised by the IBD, which considers that the project fits into its strategic objectives for sustainable development and Chile's 2025 target to supply 20% of its energy from renewables.

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