Norvind’s Totoral Wind Farm, located 300 kilometers north of Santiago, will consist of 23 2 MW Vestas wind turbines.

The loan by the IFC, the World Bank's private-sector lender, will advance the development of renewable energy in Chile, the multilateral lender said.

“IFC expects the investment in Norvind to catalyze more project finance in non-conventional, renewable energy projects in Chile,” said Bernie Sheahan, the IFC’s director for Infrastructure.

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