Product: Project Finance: Senior Loan
Role: Mandated Lead Arranger
Environmental Category: B+
Impact: 901,225 People benefited from clean energy access per year
Financial clousure: 2022
The project is in the Marribios mountain range, 20 km from the city of León, on one of the world’s highest quality geothermal resource deposits (since 1950). The plant currently has an installed capacity of 72 MW and generates 13% of Nicaragua’s baseload. With this new financing, the plant will increase its generation capacity to 82 MW, positively impacting Nicaragua’s energy matrix by producing more clean, renewable, and affordable energy and reducing the import of fossil fuels for thermal power plants.
The development banks participating as lenders in this financing were: Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) of the Netherlands (as Arranger), DEG – Deutsche Investitions- Und Entwicklungsgesellschaft Mbh (DEG) of Germany, and Proparco (AFD Group) of France.