• CIFI to finance two photovoltaic generation plants and two electrical substations.
  • The portfolio comprises senior and subordinate financing, totaling US$20M, and will have an installed capacity of 19 MWp.

Corporación Interamericana para el Financiamiento de Infraestructura (CIFI) acted as Mandated Lead Arranger for a senior loan in the amount of up to US$16M and a subordinated loan in the amount of up to US$M for AXXA Energia, S.A. Both loans will be used to develop, build, and operate two photovoltaic plants (Rucasol SpA, and Melon Renovables SpA), as well as two electrical substations to which the projects will be connected, and will have a term of fifteen (15) years for the entire portfolio as a whole.

The projects will be located in the Metropolitan Region and Valparaiso Region within less than 150km from Santiago, Chile. The portfolio will have an installed capacity of 21.19 MWp (18 MW nominal). It will generate at least 25,083 MWh of renewable energy in the first year of operation of the Rucasol project, which will reduce potential emissions of 10,500 tons of CO2eq to the atmosphere per year, providing access to clean energy to communities and users of the nearby interconnected system.

Ramon Candia, Chief Investment Officer, commented that this portfolio is the sixth CIFI has financed in the country, making it a key participant in the PMGD/PMGs sector. In the words of the executive, this demonstrates “a commitment to its clients in the sector, to the country and to clean energy.”

 CIFI (Corporación Interamericana para el Financiamiento de Infraestructura, S.A.)

CIFI is a non-bank financial institution with over 20 years of experience in infrastructure and energy financing in Latin America and the Caribbean. Created in 2001, the company has analyzed more than 600 projects and has participated in more than 200 transactions for a value of more than US$1.8 billion. CIFI has become a leading participant in sustainable infrastructure projects in Latin America and the region’s overall economic development.


AXXA Energía, S.A.

Axxa Corp started its activities in 1997 through Recycling Instruments. Today Axxa Recycling is one of the first Chilean companies to specialize in waste processing based on clean and non-polluting technologies. Since then, the company has grown continuously with vertical integration in complementary businesses and the incorporation of state-of-the-art technology, machinery, and processes. In 2020 the group expanded into the renewable energy sector. Axxa Energía is created for the construction of clean electricity generation parks.