Eosol gets Nafin credit for PV projects

Eosol has raised a $70.1 million credit line from development bank Nacional Financiera (Nafin) to part fund the initial stages of three solar PV projects – the TAI Durango VI, Trinidad Solar I, and Trinidad Solar II projects – in Durango, Mexico. The combined projects total 283MW and will require investment of around $250 million.

Signed on 13 February, the loan comprises a $66.5 million senior tranche and a $3.6 million VAT facility. Galicia Abogados provided lender counsel. The projects will be the first of their kind to sell merchant output into the newly created Mercado Electrico Mayorista (MEM) power market in Mexico.