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ARTICLE · 14 AUGUST 2017

Sojitz Corporation Gets Financing For Solar Plant Project

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Gibson, Dunn & Crutcher LLP in New York and Chilean firm Carey have helped a consortium led by Japanese trading company Sojitz Corporation obtain financing for a solar project in northern Chile.

ChileEnergy and Natural Resources
Originally Published By Latin Lawyer
Originally Published By Latin Lawyer

Gibson, Dunn & Crutcher LLP in New York and Chilean firm Carey have helped a consortium led by Japanese trading company Sojitz Corporation obtain financing for a solar project in northern Chile.

Sumitomo Mitsui Banking Corporation, Mizuho Bank and the Iyo Bank were lenders and enlisted four offices of White & Case LLP and Chilean firm Barros & Errázuriz Abogados, which also advised Banco BICE as lender of a VAT facility agreement.

The financing closed on 22 June with no value disclosed.

Sojitz has a 60% stake in the 98-megawatt Huatacondo project, which is located in the northern Tarapacá region. Its partners, Japanese utilities provider Shikoku and French constructor Eiffage, hold 30% and 10% stakes respectively.

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