Aela Energia awarded with the “Latin American Renewables Deal of the Year”.

Thomson Reuters Project Finance International (PFI) honoured Aela Energia (“Aela”) with the “Latin American Renewables Deal of the Year” award.

London, December 18th, 2017

The accolade is related to the Aela Generacion financing closed in August 2017 for approximately US$ 435 million under an 18-year project finance structure to construct and operate Aela Generacion’s portfolio of wind projects in Chile.

Aela will use the funds to construct two wind farms located in the Atacama (“Sarco”) & Los Lagos Regions (“Aurora”), with an installed capacity of 299MW, and a 73 KM transmission line linking Sarco with the Maitencillo substation, in addition to the refinancing of the 33 MW brownfield Cuel Wind Park.

During the financing process both sponsors and lenders worked hand-in-hand to enhance the flexibility and security of the portfolio level financing, which differentiated it from its peers in several aspects. This attractive 18-year structure helped Aela stand out from the rest, showcasing the company’s strengths and ability to integrate projects in various locations throughout the country, whilst refinancing Cuel’s existing loan with the China Development Bank. Upon completion of construction, Aela’s projects will increase the installed capacity of renewables in the market by 11%.

The syndicate of international banks who financed these projects include the Inter-American Development Bank, IDB Invest, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Financial Group, Korean Development Bank, Caixabank, KfW, & Santander Chile who provided a VAT credit line.

The projects are expected to enter operations during the second half of 2018.

The awards will be presented by Project Finance International (PFI) at a dinner held on Wednesday, February 7th, 2018 at the Hilton, Park Lane, London, where over 800 of the world’s most senior and successful project finance professionals will gather to celebrate the awardees.

We would like to take this opportunity to congratulate the entire Aela team, its board and its sponsors for this international recognition of on-going commitment to excellence.